 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, folks. Welcome to the November 7th, a terrific Thursday edition of today's Trader's Edge show. I'm your host, Steve E. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. But when others have a great day, let's make sure we have an extraordinary one. And the easiest way to do that is to always remember that life is happening for us, to us. That's right, when you and I make that one little two-by-four shift, it means we can find the gift in every set of circumstances. That life is going to toss at us. Now, today you and I, we're going to go check on the circumstance of these markets. We're going to go figure out what those bulls and bears, what the buyers and sellers are communicating to you and I just passed one o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here, but much more important than that. In this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on it at 877-927-6648. If you can't dial in, we've got you covered. You can always send me an email. Steve at TFNN.com. Inside the subject heading, please put radio show question. Of course, in our Tiger's Den, well, any and every 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 Les Show. All the indices in the green spot volatility is not, it's flat right now. That was up 241, 0.8 percent, S&P up a half a percent or 15 points. The leader percentage wise to the upside, it's a semi-zero up one and four tenths percent. The trannies up 1% out there. You've got gold back 27 bucks. Silver down 57 cents out there. That's up a little bit. 3% plus. Lights recruit us up a buck. 30. Natural gas down 3 cents. Leading the charge to the upside. Dexcom is up 45 bucks or 29%. Google's up 29. Nevereaux Corp is up 22. Huntington Ingalls Industries up 7% or 16 bucks. The downside, booking holdings. Holy schnikes out there, up 151 bucks. That's about 8% to the downside. Expedia down 35 bucks or 26%. U.S. physical therapy up 20. Roku off 15. Equinix down 11. So things to look at, of course, I want to look at what you want to look at. But let's first begin by taking a look at just the overall markets. Now, this first chart that I'm going to go to, you can do the same. When I say you can do the same, remember we talk about or I like to share with you the importance of understanding the global flow of capital, right? Where is money going to? Because for all those folks that are asking the question, can the markets continue to move higher? Meaning our markets continued to move higher. Here all I'm doing is taking the ETF. So I know that each of you can do this. You don't have to have access to the indices out here. So here are nine different countries that we can take a look at. In the upper right hand panel, you can see the Dow. And the red horizontal line on each of these goes back to the 2018 highs. So we're using basically the exact same benchmark for each of us to understand where it is that there is confidence in the world with regard to the stock market. So forget the news and everything that's out there. Where is it? Where is that global flow of capital coming to? So in the upper right-hand corner, well, here, let's just sum it up like this. The U.S. is the only stock market of these nine. In these nine, we're taking a look at emerging markets. We're looking at Japan. We're looking at Germany, Canada, China, India, Australia, and the UK. Obviously, there's other markets that we can go take a look at. So I'm just referring to this basket of nine out here. And you will see, if you didn't know, but you will see visually right here that it is the U.S. that is certainly leading the charge. In fact, only Canada. Canada, so North America is really what we can say. Canada would be the next closest. And there's still a ways away from getting back to their 2018 highs out there. So if you're asking the question how or why, you can see it right here because this is where the confidence is at. Now, when I take a look at the global flow of capital, I look at these and I go ahead and break them down and take a look at how they're trading in all of the major currencies because that really goes ahead and becomes an eye opener. We won't do that right now, but this is because that's a chart that's more difficult for you to be able to produce because your software may not allow you to do those conversions like eSignal allows us to do. But here you can do this and you can track this and you can visually see where it is that the confidence is in the world. Look, when it comes to making a wager, in essence, that's what we do when we play these markets. A horse race, are you going to put your money down on the favorite or are you going to put it down on the long shot out there? Look, in baseball, in markets, anything can happen. So baseball and horse racing. In baseball, what team are you going to put it on? I think it's a self explanatory. Now, let's go to the next step out here. We're trying to get the bigger picture because there's a lot of folks that will be out there and they start talking about the markets fairly valued, this, that or the other thing. What they absolutely miss is where is it that folks have confidence? You will put your money where it is you have confidence. Whether it's going to pay off or not, such as the horse in the horse race or the baseball team or the tennis player or the golfer or what have you, sure. But where is it that you've got confidence when you go ahead and put that money down? Now, we take a look at the S&P 500 or the Dow or take a look at all four. So here and I've been sharing with you, look, the markets, this is a monthly time frame chart, are still in a consolidating pattern. Well, and it's early in the month and I don't know where November is going to end, where price is going to end. We're certainly in the favorable seasonal cycle out here. But if we were to say that the month ended today on November 7th, what we have is a breakout in the Dow. That's above a little rising trend line out there. So I would have to say breakout is underway. Same thing inside the S&P 500. The same thing inside the Nasdaq down below. And it's the good old Russell that will probably give us that signal. It's trading the cash indices at 1597. But I would say a close on a monthly basis above 1602 is going to signal to you that the breakout is underway inside the U.S. Forget about the breakout from the standpoint that price is trading above all other countries markets compared to their 2018 level. That's just simply to be able to help each of us understand where it is that the money is flowing. The money is being put down on the leader, on the winner out here. And we may have a breakout that is actually underway. So if we do have a breakout that's underway, whereas what's the long-term prognosis for some of these indices? If we just take a look at the S&P 500, my belief is that the bull market that we are in began in 1974. Yes, we have had a handful since 1974 of bear markets. Another interpretation of a bear market can be nothing more than a correction in a move higher. That's exactly what we have going on. Why 1974? Look, folks, if you go back and you take a look at the Dow, I'm just going to take the Dow back to 1974. And there's folks out there. Victor likes to think that the market's going back to our 2009 areas because of an open gap. I would say Victor, then go look at 1975 because that's where the open gap is inside the Dow. That's where the breakout began. 1974. If you're not currently using the TAS profile scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS profile scanner is a standalone piece of software that instantly filters over 2500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, TAS understands that in today's technological world, the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. 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Details on The Tiger's Den are on the front page of TFNN.com. TFNN has launched our brand new website. You can still visit us at the same TFNN.com URL but when you do you'll see a new and improved homepage with a much simpler navigation whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com educating investors. So it was actually the gap took place in 1975 and I would not victory if you listen I'm not picking on you. I just don't want you to get married or anybody to get married to the idea that gaps will get filled. There are plenty of gaps out there that we can find that do not get filled. So do not get married to that. So if the breakout or the breakout at the bull market that we're in right now really began in 1974. So I go to the lows of 74. I take in just the A to B equal CD pattern up to the highs in 2007. You have your basic Gartley or your basic Fibonacci retracement. That's a 0.618. The actual number was 60.07. That is close enough for me for a 61% retracement out there. Then what you can see is the one to 1.618 A to B equal CD is 3116 we're trading at 3092. Now that does not mean that this is where price stops. If anything what this is a yearly chart. So we're getting rid of a lot of noise out here. What this chart tells us where the S&P 500 is headed to is more likely 3694 at a minimum. If you take a look at the power off of the 2009 bottom just simply in time you see the angle that's being used here on our C to D leg is the exact same angle that's used on our A to B leg. And when you see price like this move like it is off of that C point it just tells us of a much stronger move basically versus 74 to 2007 versus 2009 to where we're at right now. So the bigger picture is just step back for a moment. The global flow of capital continues to come into the US. You and I can prove that. We don't even need to be able to do currency conversions to do this. You can just take a look at this chart. You can do this at home. You can follow us to understand where the capital is going to well if it's coming into the US markets out there. And we just simply and we can see that there may be a breakout that is underway because we just look at just simply our rising trend lines. We take a look at the Russell 2000 and struggle at the 1602 level. You get above that 1602. It just simply confirms the breakout. Now we need a November close here. Stevie needs you need a November close. But we're early in November so we have to play other patterns which you and I are going to go ahead and take a look at. But the bigger picture is and what we can expect is things are not going to just fall apart not just yet. And the markets have higher to run. Now when we step back and just take a look at daily activity here's what we know. There is no new profile inside the ES mini yesterday it looked like one was forming and overnight that vanished. There is a new profile inside the NQ. The top of its box is eighty two forty eight watch eighty two forty eight right now you're eighty two sixty two a close above that is a bullish message. Now the Dow itself is well above its weekly area the weekly top of its box with twenty three I'm sorry twenty seven three seventy five or twenty seven six ninety seven out there. So profiles are above their key levels out there now. These are all the bullish things are there things to be paying attention to and worry about. And the answer to that is yeah there's a couple of things if we take a look at this this is one thing to look at. Number one if I look at the advanced decline oscillator right now even during this jubilant celebration. There's problems out here because the advanced decline oscillator is below zero. It's at minus eighty two six. Now and you've got price that is rising inside the New York Stock Exchange. It's an unusual pattern. We can find other times when this exists out there. But should we see closes below the zero line out there. It tells us of an impending some type of impending top but it can go on for quite a while. You can go on quite frankly for weeks if not months out there it has in the past. But this is still this is still a a warning sign to say you know don't don't get we still have when we looked at longer term charts like yearly as we just were doing noise becomes certainly weekly monthly daily time frame. So we'll look at those for other price movements retracement pullbacks things of that sort out there. But so this is telling us a bit of caution New York Stock Exchange. Now maybe the advanced decline oscillator finishes above zero at the end of the day. I don't know the second element that's out there. And I tuned in just as Basil was going off the air but he made mention of this too as well but not necessarily the same way. And that was a spot volatility index. Now if you look on my screen at the very bottom right what you're going to see is the this is all based on closing prices. November 1st. We're now in November 7th November 1st the closing price of the spot fix was $12 and 30 cents. Right now today we're trading at 1264. So we have at this stage here appears to be a higher bottoms pattern. And it's in the price. It's in the face of rising price. I don't have my my diagonal lines drawn here but you can visually see that when those types of divergences exist they tell us of an impending retracement short term top something along those lines. So watch $12 and 30 cents from a closing price standpoint inside the spot volatility index out there. OK so that is the overall general markets. Are there any other things to be concerned with or look at you know if we look at the short term roge momentum indicator signals out here when I say short term I'm referring to a 30 minute time frame hourly a two hour a five hour. There are some short term topping indicators and roge momentum indicator signals in the ES and the NQ specifically but not in the Dow or the Russell 2000. So we have a little bit of a diverging pattern there. So there are some short term topping signals but nothing that has broken through any key levels of support as we speak as of 1 24 in the afternoon. Now there have been requests to take a look at other things. So the first request that came in was to take a look at Goldilocks out here. So if we go take a look at gold obviously I've been warning about this for a long time. Some people might say well why were you warning about this. It's been simple. We've covered it occasionally. If we take a look at it's just it's just the patterns. I'm just a pattern guy out here and it doesn't matter to me what the symbol is. I'd have the same outcome. And if we take a look at this happens to be the weekly chart for gold creates a roads momentum indicator changing trend signal bearish and golfing candle. You know how much I love Stevie's green line or red line and price has been below it for the last two four six months out there ever since that pattern formed ever since that roads momentum indicator top formed. It told us about a significant top even the kind of top that could take price down two hundred dollars more down to twelve eighty six. Now we will take this one step at a time. This is going to be bar nine. It looks like of a TD setup. Nine count. The low can occur in the weekly chart on bars eight nine or the bar following nine. This is November. It's very possible that the low for gold could be in November or maybe it's really December. So through these through some time in December out there. But this is one of the reasons why I have been suggesting extreme caution from the standpoint of just look just simply use stops out there. Just use stops. Now let's go take a look at other areas of where price could be moving back to. Here we're going to use Stevie's synthetic contract so so that we can take a look at historical data. In this case here we can take a look at daily weekly monthly and quarterly. Tas market profile. Goldilocks fourteen twenty eight on the weekly fourteen twenty six on the monthly thirteen eighty nine on the quarterly. Those are the downside price targets. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money. Let me teach you to do what most wealth managers tell you can't be done. Which is how to time the markets. 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Get your copy of the art of timing the trade charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information just click the Think or Swim banner on the front page of TFNN.com. Welcome back folks we're going to switch over to Palladium for a moment for Ruby and the Tiger's Den who's looking for an exit point inside of Palladium. So Ruby you know we just took a look at the weekly timeframe chart for gold. We looked at the roads momentum indicator top. We know that it's a reliable topping or bottoming signal out there and we take a look at Palladium. It very much looks like what we're looking at on the weekly timeframe chart for gold. Now this is the daily timeframe chart for Palladium and on November 4th just a few trading sessions ago price was moving higher doing less relative energy generates the bearish reversal candle. Now what you've seen here is a nice countertrend rally in that move up to Stevie's green line. So that levels around 1785 you're at 1772. I don't know if you spend a whole lot of time trying to you know mince you know trying to get every squeeze every single peso out of it but that's what we're looking for. 1785 is a level. 1789 60 is the top of its daily profile out there. So to the extent you're looking to exit the trade, you know you were there earlier in the day. I don't have anything to suggest that price can't get back up there or can't get up to 1789 or 1785 49. But you're really close. I would say so there. Let's go to John in Philadelphia. John, thanks for calling. Thanks for holding. How were you today? Do to segue from your gold and palladium discussion. I wanted to ask if you'd pull up your work on silver and ask you very specifically if you've got any numbers between 1690 and 1620 you would focus on for port levels that we might monitor if we get down to those for clues of bottoming action. Sure. So silver is an interesting is an interesting chart pattern that we have out here. First 16 I believe was it 90 that you said so at the range of 1690 to 1620 and I won't go on why but those are the numbers. So the what lines up for the most part with regard to those specific numbers would be the weekly timeframe chart and it's a bullish structured market profile and 1643 or 1644 is the bottom of that weekly profile and 1680 is the center. So those specific levels that you're looking at line right up with regard to the weekly timeframe chart out there from a profile standpoint. If I look at my other chart patterns out here from the weekly standpoint see what we see we can see how silver made a nice TD set up nine count top pattern out here. If price breaks through those areas John from a weekly standpoint $15 and 10 cents would become the move out there. Now what's interesting about silver as well is really the daily timeframe chart. So silver right now is slightly strong. Well I don't know if I can't say if it's stronger week I'm not going to go there. When I take a look at silver right now it's still holding $17 and 10 cents $17 and 10 cents were silver broke out on August 23rd. Now I say broke out because I'm using to determine that breakout I'm using the TD nine count pattern where we have nine as you know nine consecutive closes were each closes above the close for bars earlier. And I like to use those as price pulls back to support or breakout level. We can see how the last time that silver made a run to the downside. It was on September 30th. There was a close below it just for what basically was about an hour or two I believe or a couple of hours. In the very next trading session we had price move back above that area so price right now that a place to watch for those lower prices to come at you that we were taking a look at would be some close below 1710 two bars I would say two bar close below 1710. Then that offers the lower price out there in the 80 area. So that's what I see when I take a look at silver does that help you out. Yeah that does very much. I think I'll just share with you. You're not talk this before but your listeners might be interested going all the way back in the 2013 between Labor Day and Thanksgiving and of course we're doing the exact same thing. I will be very interested the closer we get into Thanksgiving crossing my fingers that this decline actually extends a touch lower in both price but more importantly in time to see for clues of bottoming and I'll use those numbers off your silver weekly chart so I thank you. Perfect perfect okay great hey and thanks for sharing that as well and as and calling it as also. It was John in Philly. So our next question out here is was a Platinum. So Platinum was also the way we covered Platinum. So let me go to Platinum out here now. Let me get back to a different set of charts. That's not right. So I think Platinum is as January. Is that where the give me a second here. See if I can find it. Yeah so it is January is the is the current contract. So let me I don't know if I put that in there enough. Let's find out. I did not. So Ruby all I've got out here for you on Platinum. Now don't recall what your question was my apology. But here's what we know about Platinum right now. And I'm really looking at the weekly time frame so that's your right hand panel chart out here. If if you're looking for an entry point you're looking for 90660 to hold you've got price below the daily profile today that's 91740. You're long this week. So what you're looking for is 90660. Because you do have price below the daily profile out there which was 91740. So that's another level that you would like to see Platinum move above but 90660 I would say is the area for you to be watching that is the bottom of that weekly profile. So I hope that that helps you out. As well. We've got a question coming in asking us about an L. R. C. X. But let me go find out then. This question is coming in from James. So L. R. C. X. And the question is hey Steve would like to know what you think of L. R. C. X. for short term trade. Oh lamb research is the ticker symbol so here's what we know about lamb research. You know if you're going to be buying it now you're going to be buying it up at high. So you're asking for a short term trade. So these signals are pointing to nothing but bullishness meaning prices trading above their daily their weekly in their monthly profile. So let's go take a look at the daily timeframe chart out here James see if there's any pattern. You know that we see there's nothing out here that shows me a top just yet. Let me just do a quick Chapman wave count from there. Okay that's not it. So looks like this is a good time to look at the weekly timeframe chart. You know. I don't know James I mean I just don't know your style of trading. Out here the weekly this looks like it wants to continue to move higher. Ideally what you what you'd see is some type of a pullback some type of retracement and right now inside of lamb research I'd have to say it's about two hundred and forty one bucks. And I don't have any signal to say we're going to get back there it's going to get back there. We'll be right back. 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 twenty eighteen set up tax free zones across the country where you can build and hold for ten years and pay no tax on the profits which makes these lots valuable. The investment is anywhere from thirty thousand to seventy five thousand. The interest paid is seven percent yearly paid on a monthly basis. 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Welcome back folks so Chris B writes in and even though we've covered silver Chris's question is where do you think silver would be priced at in April of 2020. I may be good I'm not that good. So here's here's I just think Chris just got a we have to just take this stuff one one day to time one step at a time out here. The next step inside of silver we had talked about I think it was like right around 17 bucks even Steven somewhere around where silver had broken out so we already took a look at that we know right now that silver is trading below the bottom of its bullish structured daily profile that's 1712 or 1704 so you want to watch that 1712 area two closes below that are what's going to suggest the areas that John and I and Philly we're talking about which was 1643 to 1680 the weekly chart is also a bullish structured profile assuming no other profile forms a close below 1643 says lower price from a profile standpoint then that could take you into the $15 area out here 1490 to 1502 somewhere right around there so but we just have to take this step one step at a time I know that you would like to put on some call options or spreads or whatever it is you might want to do but I just can't see that far out now what I can share with you I thought the ideal setup when we looked at gold and we looked at the weekly timeframe out there and just pull gold back up here with regard to its profiles but when we put all that up there the ideal setup was and I don't know that we're going to have this now was that we would have gold pull back into the end of January see the markets also do that the markets being the equity markets and that would start the next leg of the bull run both in metals precious metals specifically gold specifically and the equity markets that was the original thought behind because if you if you go back and you study gold historically to the extent that you can you will see that in real bull market runs you've got the down moving higher and you've got the and you've got gold moving higher as well so based upon what we looked at and began looking at at the beginning of the show that's really how I kind of put together my larger picture and anticipating but to know where gold is going to be at in April that's just beyond my skill set out there I'd like to have that skill set but I just simply don't but thanks for writing in Tim writes and he says can I suggest a price for the S&P to add to positions you know so here's the I would be on some type of a pullback work you know we're experiencing a little bit of a pullback right now of course that is initially brought on by our roads went to indicator signal this coming from our short-term timeframes that we look at the bottom that formed out here back around 12 noon yesterday it was with the road momentum indicator bottom right now we've got a confirmation of a top out here but what price is done is done what it's supposed to do which is sellers are pushing price back to support if you are a short-term trader the level to have bought is at 3089 we're trading at 3090 right now and the reason is because that happens to be the bottom of its bullish structured 30 minute TAS market profile ideally price will pull all the way back to where it broke out and that's at a price level of 3071 but that's just the short-term trading aspect you know what's it look like on the daily timeframe here's what you have to be prepared to do Tim you can go ahead and take take add to a position out there and you need to be ready to jettison that specific position if we see some type of bearish reversal signal inside of the ES many or the S&P 500 bearish can why because of the aid to be equal CD patterns that are underway out here remember initially we talked about big picture what's going on we eliminated noise by just simply going to daily timeframe charts and to help you understand what the markets are doing in the U.S. verse what's going on around the world then you can understand where there's a concentration of capital that's what could push things up so those folks that are value base that say you know the ES the S&P can only trade at a certain amount of earnings ratio out there they're nuts they're just absolutely nuts and you can tell my said so you've got to take a look at where money is flowing into not sit there with regard to some of these historical does the S&P doesn't trade much about 17 times earnings are out there what I that's just that's that's so that's so disingenuous at least that's what Stevie believes and you can tell I have some conviction behind that so here what you've got Tim is you've got native A to B equal CD to the upside two of them inside the ES mini you're at the one to two level on the smaller one that's the red one the larger one which is the black A to B equal CD gets you up to 3105 do you you know we're at 3089 right now look two patterns have failed two topping patterns have failed the TD set up nine count and wave number seven letter G out there so those two topping signals are off of the table but if there were to be a bearish reversal candle that would then take price down to 3061 or should take price to 3061 that is Stevie's green line out there and if price can close below that then you look at a 299875 and to the extent you are looking at a larger portfolio a longer term aspect it would be 2998 versus what Stevie is using on his 30 minute timeframes out there so that's hopefully that answers your question with regard to the ES mini or the S&P you asked about the S&P but basically we're talking the same language out here LB writes in and says I'm looking to get back into UNG can I give you a target price to do that so let's go take a look at natural gas see what it's doing right now so here is the December contract for natural gas that's what you and I must look at if you're going to go ahead and trade UNG and at this stage here Lee the first price to look at is going to be $2.68 and the reason is because what we have here is we have both an A to B will CD to the upside we have the completion of a sell the D point that happened yesterday when the natural gas contract generated a dark cloud cover bearish reversal candle today what we have is follow through to the downside you also two days ago had a TD set up nine count so there's two topping signals inside of natural gas and so in this case here you've got to be careful but the first downside test assuming that we're going to use a daily time frame chart to make that call is watching for price to test TV screen now we know that that phenomena occurs when the line changes color which it did a couple of weeks ago we still haven't seen that test now with these topping patterns it increases the probability the odds Lee that we're going to go ahead and see price move back into that area so we're not looking at profiles we're just looking at $2.68 as being one of the places to look if we do go look at profiles out here see if we can get those up on our chart for you here we go here's the December contract the profiles for the daily time frame all the way down to $2.50 you got $2.68 on the weekly so I don't know that there of as much help to you and I right now Stevie's green line that's the number to be watching and what you're looking for there is a test and rejection of that level out there Hector writes it and says hey Steve the time permits can we take a look at sq ticker symbol sq so let's go take a look at that that is I believe square and we'll read the rest of the question as soon as I get all these charts are going and the question is has square set a solid bottom or is it a floppy drive bottom a floppy drive bottom that's new right now you got a square trade at $64.77 and it did form a nice roads momentum indicator bottom back on September 27th. Basel Chapman has just announced a live 90 minute webinar he'll be conducting for subscribers to his daily trading newsletter the opening call which will be taking place Tuesday November 19th from 5 till 6 30 p.m. Eastern time titled a comprehensive review of the Chapman wave techniques and market outlook ahead for 2020 this is a great time to sign up for a 30 day free trial to the opening call while gaining access to Basel's live subscriber event taking place later this month with some stock picks up 15 to 30% this year alone Basel will review many of the Chapman wave techniques that helped in their successful analysis as well as providing the sectors and stocks that he thinks will be of importance heading into 2020 for all the details check out the opening call on the front page of tfnn.com if you're a trader in the market looking for exposure to gold or gold mining equities then now is a perfect time to sign up for Tom O'Brien's gold report the summer is over gold is trading back 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for health in their wild environment but today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionic soil based vitamins minerals baddie and amino acids in an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they've been called miracle molecules because like sunlight air and water life cannot exist without them that's right page they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by Nico and page of living a primal lifestyle buy it today for just $89 click on the primal edge banner on the front page of tfnn.com this is David White stay tuned because coming up next is the power trading hour right here on tfnn welcome back so Hector was asking the question about square here's what we know about square right now today Hector trade in above the top of its daily profile that's at 6407 and in fact if this week square can close above the top of its weekly profile at 6480 to 6 pennies from where we're trading right now that's going to suggest to you the higher prices are coming at us so we looked at the daily time frame chart for square that had a nice road momentum indicator bottom now if we look at the weekly we're going to see that when square bottom it did it with a TD set up nine count pattern prices above Stevie's red line that's at 6259 and the price close above the weekly profile out there this says that this square will run or could run up to 8320 that is where it broke down on the weekly basis and from a daily standpoint out here the daily standpoint the breakdown level yeah I don't have the breakdown level here yeah I don't have a breakdown level that we would use so square you ask the question is it put in a solid bottom the answer appears to be yes with regard to sq you had another question oas was the ticker symbol that is oasis petroleum out here has that put in a good bottom price here is you know testing the bottom of its weekly profile out there it's below it's monthly profile wise doesn't look as good Stevie's other tools on the daily time frame out here I don't have a I don't believe I have a bottoming signal I take that back oasis forms wave number seven courtesy of the Chapman wave I hear he's doing a webinar you ought to sign up for it if you haven't attended one of Basil's workshops out there a wave number seven that's letter G so this has got a bottoming signal out here quickly how about the weekly that didn't look good from a profile standpoint what do we have you've got a roads momentum indicator bottom if you get a bullish reversal candle today I'm sorry tomorrow by the end of day tomorrow oasis should move higher to where let's give it a price target of 381 folks thanks so much for being here thanks for all the questions thanks for those cards and letters I look forward to seeing you on fantastic fabulous Friday but stay tuned two great hours are coming up next your favorite polar bear and then Tom O'Brien from three to four have a terrific Thursday