 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. At 1-877-927-6648. Or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good morning, folks. Welcome to the April 25th, 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. I hope everyone out there is having a great day. 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. 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 are going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I do want you to know I am absolutely grateful for your presence here, but even more important than that. And that's this. During this next 53 minutes, I'm here to serve you. So feel free to pick up the phone and dial on in at 877-927-664. We'd love to hear from you. If you have a question but you can't call in, go ahead and send me an email. Send that off early and send it to Steve at tfnn.com. And inside the subject heading, please put radio show question. Of course, if you're inside our Tigers, then well, then any. And every ping will do. So let's go ahead and get this show started on. Terrific Tuesday. Of course, this is Tiger by National News Network. I'm Steve Rhodes. Welcome to the show right now. You get all the U.S. indices trading to the downside. Downs down 60. The S&P's up 27. The Nasdaq 103. The Russell 23. Two tenths, seven tenths, eight tenths and one of three tenths percent respectively to the downside. You've got the semis up 2%. The tradis are up nearly 3% down 425 points. Gold is off three bucks. Silver is down 54 cents. Light recruit is off about 93. The natural gas is off four pennies. And the 30 are treasures up one and a half points. Trading out at 13208. Lead the charge. Dollar wise, the upside. You've got med pace holdings up 27 bucks. Nearly a 15% move. Huffle ink, 27 bucks. 11% move. Simpson manufacturing 11 bucks. 10% move. Moody's Corp up almost 10. 3% move. And Spotify up about 6%. $7.80. To the downside, it's MSCI ink off 27 bucks. 5% there. Thermal Fisher scientific 18 bucks or 3%. AmeriPrize down 18. 6%. UPS down 18. 9% in service now down. About 4%. That's a $17 plus move to the downside. Let's begin the day by taking a look at what's going on inside. Well, let's first let's start how we have recently. Let's take a look at what's going on with regard to market bread. Let's start with the 30 minute market bread dials. Here we're getting very close to a potential crossover. This is for the S&P 500. We have 170. Well, I take that back. We already have the crossover. We have 170. It's been straightened above profile 139 below. So on a 30 minute basis for the ES mini conditions, market breath conditions are bullish with regard to the NDX 100. Let's see what is its conditions for its 30 minute time frame. Here what we see is a 25 above 37 below. So we're at odds with regard to those two. So the NQ bearish for its 30 minute, the ES mini bullish. Let's take a look at the other four time frames out here. Let's take a look at the daily, weekly, monthly, and I'm sorry, the weekly daily 240 and the 60. And for the ES mini, for the S&P 500, they are all set to bullish right now. Well, we've got a choppy market out there. Take a look at the NDX 100. What do you have? Daily, 240 and 60 are set to bearish out here. Wow. Wild and crazy. Well, that's why we've got this choppy market out here. If we just simply take a look at market breath, we're at odds between the S&P 500 and the NDX. Let's go take a look at the ES mini. Let's go over on the, get to those white panel screens out here. So we know on the ES mini, the 30 minute was bullish. What do we have on the 30 minute? Well, right now we do not have a bottoming signal. We have a roadsman to indicator signal has been triggered, but we don't have as the bullish reversal candle. Price is below profile. It's about to hit the resistance area between 41 30, right at 41 34. Let's call 41 34, 41 35. If price can close above 41 35, we're likely looking at 41 38 above that 41 44 and above that would be 41 57. But right now price on the 30 minute basis, dealing with resistance. The ES mini does have that positive market breath. I expected to get up that 41 35 level and perhaps beyond. If we take a look at the all of its other time frame, 60 240 and it's daily, we're still bullish. Now with regard to the daily timeframe, but just a good old fashioned consolidation consolidation between profile support at 41 18 and profile resistance at 41 88. We take a good five hour timeframe chart, which has a roadsman to indicator top. We just simply see a series of basically lower highs and lower lows out there. And we don't really have, we don't really have any kind of bottoming signal with the exception of wave number seven. That is letter G out here. Now the current candle doesn't complete till 2pm. That can extend itself as long as we get lower lows, but that is a potential for a bottoming signal. Do we have a bottoming signal on the forward timeframe chart? The answer there is no, we do not. What we do know is that, and there is that this is in a bullish configuration, meaning more instruments trading above profile than below profile, even though the ES mini for its 240 minute timeframe is trading below profile. If we take a look at the 120 minute chart, no bottom signal there. Oh, I take that back. Let's update this. This is showing us a TD nine count bottom that could form between 12 noon. That'll be bar number eight. 12 noon in the close today at four o'clock. So there's the potential of getting the close, going into a bottom pattern, going into the close tonight. We'll have to keep an eye on that. What else do we see out here? Intra day, 10 minute, 15 minute. You've got some bottom signals there. Price right now is dealing with resistance. 41 32 is one level in the 15 minute chart. Well, it's both levels on 15 and 10. And the next level of resistance that's being dealt with on the 10 minute chart is where the sellers are located at that center of its profile. And that's at the price range of, give me a moment here, I'll get that for you. That's right here at that 41 34 area, which is where we're trading right now. So we get above that 41 44 could easily be a game. So that's what's going on. We take a look at the ES mini. Let's switch over, take a look at the NQ, see if there's anything else out there. Oh, six, two, three. Roger, it looks like you're looking for a day trades out there. I mean, you can use the information I just gave you on the ES mini out here. We'll take a look at the NQ. What you don't have really is great market conditions between the two. You'd like to see some, you'd like to see a unanimous agreement. We don't have that with regard to profile market breadth out there. With regard to the NQ, the five hour timeframe chart is going to complete a TD nine count bottom at 2pm. So watch the NQ. You could get a bottom signal there. It has negated its three drive to a bottom pattern. So let's get rid of those arrows that are on the screen out here. It does have wave number seven. That's letter G. So you need a higher low. This curve bar that we're in completes at 2pm. So we won't really know about that until today's close. The 60 minute timeframe chart. I don't see any kind of a bottom signal there. I see a TD nine count that was negated but the same time the 30 minute chart, which does not complete until another 16 minutes. This has the potential to generate a bullish three river morning star pattern. That would then take us up to the battle ground of 12, 973, 12978. And above that, that resistance zone of 13, 003 to 13, 009. 15 minute charts, got an arrangement to mitigate our bottom TD nine count on the 10 minute chart out there. You can watch those resistance levels, which is basically about 12, 960, call it's called 12, 968. Close above that, at least intraday, we should see a further move higher, with 12, 978 being next up on its cards. And then above that 12, 981. We'll be right back. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen as well as many more. And he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report you also gain instant access to Teddy's 60 minute webinar archive where he just hosted forex strategies and fundamentals what is behind the Tiger Forex report. For all the details and to start your 30 day Tiger Forex report subscription today visit the front page of TFNN.com TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market you'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 and your inbox every day. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 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. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award winning newsletter, Mastering Probability is delivered every trading day with updates throughout the afternoon. Sign up for the market newsletter Mastering Probability and you'll receive access to 7 of Steve's educational webinars absolutely free. At TFNN all our newsletters come with a 30 day money back guarantee so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk free today. TFNN Educating Investors. 8-7-3-7-6-1-8 Welcome back folks. So I've got the four daily equity future contracts up on our screen. I've got a couple of the weekly sets of profile levels up there. So if you take a look at the upper left hand chart, you can see the ESMINI should be back at a support level. We're close to the bottom of the profile at 41-18. We're at the center of its weekly profile 41-26 out there. So it's in a pretty decent support area. The NQ is below the top of its profile and it's headed towards a potential support zone at 12-8-66. Now, typically when price gets back there, we like to see is when you're getting back to a daily level of support, which the ESMINI and the NQ may, more so the ESMINI then what you like to see are you like to see those confirmations of the intraday signals on the other charts out there. So here in the case of the NQ TD9 Cal bottom of the 10 minute roads meant to be indicator on the 15 minute roads meant to indicator potential. We won't know for another 11 minutes on the 30 minute chart out there. I don't see anything on the 16 minute bar number 8 on the 120 minute time frame chart. Wave number 6 on the 240 minute chart out there. Wave number 6 on the TD9 Cal bottom on the 5 hour chart. So actually all of this is sounding to me and this is specifically with regard to Roger saying, hey, can you find me some kind of an intraday trade out there? I think the NQ might be, the NQ of the ES may be generating that signal for you as we speak right now. So, or you can be patient and wait for those longer term charts to go ahead in and complete. I'll try to stick up the ESMINI here once again, just again take a quick peek at those bottoms. It's when you get back to those levels of support on a larger time frame that if we really are at a level of sport or key level, we should see turns on those intraday time frames. And so here you can see the 10 minute, the 15 minute with their Roadsman to indicator bottoms out there, the 30 minute, I don't recall. That's got the Roadsman to indicator bottom, just no bullish reversal candle. TD9 Cal bottom on the 60 minute chart did that hold. That did hold. So you've got a bottom already on the 60 bar number 8 on the 120, that's still got it complete. No bottom signal on the 240 and wave number 7 on the 5 hour. So you're getting those bottom signals absolutely out there. Now when you're getting those bottom signals at the same time and I'll switch back here to the black background charts, we'll just go take a look at that US dollar index out there. And so the US dollar index right here. So we can see here we'll just simply expand out the chart. We can see that, yeah, that nice by the D point pattern out there. That was formed here this way. I'll throw in the A to B equal CD just so you can take a look at that. The A point really easy to identify. So this is the smaller by the D point pattern inside the US dollar index. It was basically a 1 to 1.618 level out there. If that area were to fail, then there's a larger A to B equal CD to the downside. I'm not going to draw that in at this stage because it really it doesn't it's not applicable. But what we can see is prices hit some trend line resistance. So if this is it for the rally in the dollar and it pulls back then maybe what that's going to do or what that should do is should give a little bit of momentum inside gold. And it's a hard call today to say whether it's going to really impact the equity markets or not. And this is quite frankly what I do want to see. And that is this correlation. So here the top portion this chart. This is the top portion of the June contract for the ESMini. The center portion is the US dollar index. Both these are on daily time frames. You can see their profile levels that are established and down below is the correlation tool. Now the correlation tool is doing. I'm taking a five day average. It's a directional average. When the lines are below zero that tells you about an inverse relationship which as you can see the ESMini had predominantly had up until about the March 10th time frames about the middle of March out there. And now what we can see is there are more lines above zero on a five day average than below zero. This tells us that now that would then say there is a directional correlation versus an inverse relationship. So with regard to what's going on inside the equity markets it probably doesn't hurt if the US dollar index is top. But to the extent that it's going to provide at this stage here. So the reason that I'm looking for this to decouple and it's a real reason to follow when we do begin to see global capital come to the US and it will. When we do begin to see that significantly we will see three things simultaneously happen. We will see the US dollar index moving higher. We will see gold moving higher or metals moving higher and we will see the equity markets moving higher. So we're already getting the decoupling here between the ESMini and the dollar. We just need to continue to keep our eye on it but we're seeing that first element. We don't have that same thing with regard to gold. So here I'll put up that we'll change this chart out. We'll go ahead and we'll put the Goldilocks in here. So if you give me a moment just to do that again we'll just use the June contract. Do you see? So you got the June contract up top. I just got to make one change down below. No we don't. We're all good. It's going to do its calculations down below. We'll see what so here we take a look at that correlation. We can see that this is still primarily an inverse relationship between gold and US dollar. So we're not there yet where we're seeing that global flow of capital just as I want the heck out of dodge, wherever dodge might be and it's going to go to the place where it has the most certainty. Even if there's uncertainty here it's still the most certainty out there. So here you can take a look at this. You had you know gold has held its profile. So just as the US dollars held its profile. So just good old consolidation chop out there. Okay let's move on to some requests out here. The first request coming in from Greg and wants to take a look at the LNG. So let's go take a look at LNG for Greg and believe the question. Well the question is actually on my phone. So let's actually read it says good morning. Would you take a look at LNG and if time permits CRK. I didn't catch that one but I'll definitely get back to that for you. Well we'll see if we can do it at the same time. How about that. So with natural gas at such low level is it better to look at the producers. Good question. I don't know why we just go interpret the charts out there. So it's first take a look at LNG. We take a look at LNG. LNG has a TD9 count bottom. That TD9 count bottom Greg would be negated with a close below one forty nine sixty six. Right now we're trading at about one fifty oh six. Let me get to my other charts out there. We do know that I've been having some data feed issues here during the show just because of so much stuff that I've got running in the background. So TD9 count. Yeah we're trading one forty nine ninety three and so you have still have a valid TD9 count but a price close below one forty nine sixty six. We're likely headed back I would say to this swing point here from March the sixteenth the top of which is out at the one forty seven fifty six and the lowest at one thirty nine fifty on a weekly time frame you have a consolidation with inside its profile support there on one forty three sixty two same thing on the monthly time frame. So you know do you take a position here. The TD gets nice they got the TD9 count you don't like the fact that price is below support in a red oscillator and change line. So what's a thirty minute chart here for LNG show us just curious. Shows price broke through support breakout support but back above it so that was a one hit wonder so to speak I have a great read out here with regard to the thirty minute time frame just simply that it is still trading below profile support out there. So Greg your question is it better to take a look at this LNG versus natural gas I don't know you also want to take a look at CRK actually I do know I think the answer to that is no. I think you might do both but I do believe that natural gas is the place to be it may not be today and it may not be tomorrow but it is coming very soon here I believe it's coming very soon it should be a significant bottom that takes place Steve Rhodes with TFNM will be right back If you want to take advantage of this sector now is the time to subscribe to my gold report. The gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets. New subscribers get a 30 day money back guarantee so you have nothing to lose. 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TFNM airs live financial content streamed live on TFNM.com and TFNM'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 8 different shows with expert hosts to help you make the right moves with your money. Watch online at TFNM.com or on TFNM's YouTube channel and become the investor you were born to be. TFNM Educating Investors on the TFNM page of TFNM.com Welcome back. It's Comstock Resources, CRK that we're taking a look at out here and so Greg, you know what I see when I take a look at the daily chart out here. I see nice bottom patterns. I see a series of, I see price rising right? We've got a series of higher highs higher lows out there price pulling back about four or five days ago testing breakouts testing is also in change line support level doing the same thing today. Now right now the upside potential seems to be capped at 1126, but this looks pretty good. If you want to take a position here on the weekly chart, you can see that since the bottom, I don't have a bottoming pattern, but since that bottom we have, we've not seen price get back to a prior weekly low. We have seen price get above prior weekly highs. Now this week it's off. We haven't seen that take place just yet, so it's a little bit of caution, but I do like what I see here with regard to CRK. Now let's go take a look at natural gas. We had a question inside the Tiger stand to take a look at natural gas as well, so it fits right within the theme that we're taking a look at. This is for Mr. Bill. Now Mr. Bill on a daily basis, he sees a pennant was the message that I got. What I can share with you Mr. Bill is that the issue for natural gas would appear to be on this weekly chart that oscillator and change line number. We can see that price is not close above an oscillator and change line since September 2nd, the week of September 2nd. So quite a period of time. I would say if we get a close above that Mr. Bill that's going to be a signal of a potential change in trend out there. The reason why I say potential is because there's profile support at 274 and price could be knocked back right from that level. On a weekly base what you'd really like to have is a bullish reversal candle. We don't have that. That's the bummer out here. Do you have to get that? No, it's just the preferred way to complete my bottoming pattern out there, but if price does close above that red oscillator and change line, that will qualify to as a bottom signal on the daily timeframe. What we have out here is you've got that nice roads meant to mitigate about them. There's a bullish reversal candle and then it consolidates with inside its profile. So in this case here it's a $2.58 level. That is really key. 30 minute chart had a TD9 cow bottom looks like that was yesterday sometime. Well, that's actually fine. When was that? Let's actually get the proper tool out there. That was at 8 o'clock in the morning and that was yesterday when natural gas and what it was it bounced right up into resistance. That was a profile level out there. So with regard to natural gas, you know, Mr. Bill, the reason why I was saying to Greg, and he heard me say this before, the reason why I believe natural gas is a place to have a position, at least at some point out here, is because of that yearly TD9 count that we've got. So we are in bar number nine of a TD9 count. Yes, it can be the following bar number nine that generates that pattern. That would mean next year. So that's always the potential. But right now, let's leave it as we see it, which we're currently in bar number nine. And if we get a nice bottoming signal, some further bottoming signals on the, let's say, the weekly chart out here, it may be off to the races. Now, the seasonal piece of it, we had taken a look at this, the seasonal most certainly for natural gas has not come into effect out here. Let's go put up natural gas. First, we've got to find it. It should be right in front of me. Where is it? Where is it? There we go. Natural gas. And what we have out here as far as data is 32 years worth of it. And 32 years worth of data. What we should have seen is we should have seen a market that was moving higher into about June 14th. We don't have that. So we're not inside. We're not in the month of April was the second best performing month for natural gas. Now, April is not over, but it is the 25th or 26th. So it's pretty close to over out there. And we certainly didn't see that as we take a look at this April. So I don't know that the seasonal is going to really apply to natural. Well, I would say at this stage here, it has not applied to natural gas. So that's natural gas for for, um, Mr. Bill and the Tiger's Den. And that takes care about Greg's questions as well. Let's get to our next question. Next question coming in from the Tiger's Den is from Jambalaya who wants to take a UPS. And his question is, is price headed to 164. So let's get back to that chart out there. Let's try to find that is UPS right here. So we take a look at UPS. The the the figure that sticks out to me, Jambalaya is 17407 and 17407 is the bottom of its weekly profile prices below daily profile and daily breakout support. The monthly is below profile support out there. So the only level of support that I can articulate and go to right at this time is going to be that 17407 you're asking about 160. Well, only way that's going to happen is price can break the back of buyers that are sitting at 17407. That's based upon that weekly TAS market profile with regard to UPS and its seasonal pattern. Just curious what it does. Let's go see if we can find it. I'm sure that we can. So let's type in UPS. Let's wait for this to get populated. Let's see how many years worth of data we have. That'd be 23 and UPS typically tops out right about now. April 29th historically over the last 23 years with price moving lower into about the late part of June out there. So that's the seasonal process that we have going on here. But still that support level, that key support level 17407 is what you should keep your eyes glued to Jambalaya. So hope that that helps you out and thank you so much for your request. S&P inside the Tiger's Den wants to take a look at Amazon. And as the ticker symbol out there, well that was Microsoft. He was interested in Microsoft. He was interested in Amazon. So Amazon today, now depending upon the close if price closes today above 10430 let me see where we're actually trading EMZN. I've got 10439 10416. So 10416. So what I'm looking at I'm looking at the close of bar number five out here, S&P that close is at 10430. If price closes above 10430 Amazon will generate a TD9 count top. What happens if it closes below that? Well, you won't have a TD9 count top. Period. It's just that simple. Then the question will be, well does it close below its oscillator and change line? And if it does, that's at about 10449. Then what that triggers is price moving back to support. Now, the chart that we're looking at is not picking up the S&P over to that. So that S&P can see that and he can take note of where the new buyers and sellers reside inside of Amazon. And we'll just simply expand out that chart. So as we expand out the Amazon chart, what you will see out here S&P is a new profile. It is bearish in structure. Now, my experience is that when price close and below the center of a bearish structured profile or above the center of a bullish structured profile price will then get back to the next level. In this case here it would be the bottom of the profile because it's a bearish structured profile or 10192. So I think that is where Amazon is likely headed to. Whether you get a, well I will say it's likely headed there as long as price close below that green oscillator and change line right around the 10447 level. Now, you like this profile in that it formed above the prior profile. So the signal that's being generated here for Amazon, that is a bullish signal from a profile perspective. You can see a trend line that's been drawn on my system out there. We won't really spend too much time on that. We don't really need to. So do we have a TD 9 count top or not? That I don't know. But if price does close above bar number 5 closing, again that number out there to be watching is going to be 10430 price close above that you will have a TD 9 count top out there. So hope that helps you out S&P. And thanks much for taking the time to write in. Dan inside the tags, I wanted to take a look at ticker symbol MCBR. I think that was the last chart that popped up here. Nope, that was Microsoft. So somebody wanted Microsoft. I apologize, I don't recall who. But let's take a look at Microsoft. If we see Microsoft, it's trading now below the bottom of its daily profile. That bottom profile level is 282.65. Am I on the right charts out here? No. Let me switch over to the white background charts. Mr. Bill, I caught that. How about that? You didn't have to hit me upside the head with that 2x4. So now we're taking a look at Microsoft. And we're taking a look at Microsoft. We'll see the price is trading below the bottom of its daily profile. That profile level is 282.65. A second close below that would suggest that we head back to its breakout level. The breakout level for Microsoft is down to 272.05. Steve Rhodes with TfN. 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 and your inbox every day. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor Foreside Fund Services, LLC This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. He's down 34, NASDAQ 118, the Russell's off 24, semis are down 65, training's down 455 out there. We're taking a tickle symbol MCRB that's a therapeutics compass for Dan inside the tiger's den. So Dan, we take a look at this. Now look, there's a sell the D point pattern out here. You can clearly see that it's going to form with this big old dark cloud cover candle that completed on April the 18th. And price was also while that was going on, price made its way back to its TD-9 count breakdown area, 667. So 667 is the key level where you get across and close above, but really now it's going to be 687, the top of that dark cloud cover candle. Price is traded by the top of its profile, that's bullish. Price is traded by the green oxygen change line, that's bullish. Wait a minute Stebo, you said you had a sell the D point pattern. We do. So we have here our neutral conditions. Neutral because we have the top neutral because price is trading above resistance levels. The weekly timeframe does not have any kind of a top. The weekly timeframe says Stebo, I want to get up to 730 its TD-9 count breakdown level and the monthly chart is really confirming that as well because price is trading above profiles there. So everything here with regard to MCRB looks pretty darn good. How about its three-minute timeframe? What do we have out there on it? We don't have much. It's have a big old fashion sideways-ish type move out there, but the daily, the weekly, and the monthly look good. The daily is just a bit of a caution sign because of the top, but again its overall signal is neutral. Now let's see this instrument, MCRB. Don't know if we can grab its data. MCRB, when I say grab its data I'm referring to the data yet we can that is compiled by the folks over at thesenecks. So here we actually have seven years worth of data. Now on a seven-year timeframe Dan, what this typically does this has typically tops out around now and really moves lower into the August timeframe, but this is that day, let's see, how many other what can we do? I can put on a fiber. I could customize it. So I don't know what happened there, but seasonally speaking this really doesn't start to pick up until August. August is typically its best performing month out there, but that's what the seasonal pattern say you and I, we took a look at the daily timeframe and then the daily timeframe out here, it's neutral and it's bullish on the weekly and it's bullish on the monthly. So Dan, I hope that helps you out and thank you so much for that request. Let's take a look at Fox. One of our dinners, Frank, has gone short Fox. So what I'd like to share with you here, Frank, is that price yesterday when it pulled back it was right back. It was right back or back, whichever you prefer. I prefer to use the word back versus because if I use back, people are going to say, what did he say? Right. So it has pulled back to its breakout area. It's TD nine count breakout level 2968 and it's held and Frank that level has been tested one, two, three, four, five times, six times now, including today. So be careful on your short trade. You're up against a key level of support that has been tested many times and has held. Now if we take a look at the weekly chart out here, the weekly chart pulled back to a breakout level, but because that breakout level has already been tested and failed before, I'm not really going to focus on that. What price is really doing appears to be doing. It's just consolidating with inside its bullish structured. That's the key there. Bullish structured weekly profile. So you now or not you, but the price of Fox is inside the bullish zone of its weekly profile. Now it's a decent range out there. 2878 all the way up to 3003. But nonetheless, you are in the bullish zone on the weekly basis. The daily is held a key level of sport. I would feel much better about your short if price closed below 2968. Why? Well, at least we could then say it looks to me like price is going to go target 2878 and that's in fact what we would say that's the bottom of that bullish structured weekly profile. However, there is another breakout area 2888. Now I'm not going to pay attention to that one either. So it's 2968. If that area holds, then likely we bounce up to 3064. If you're going to sell, I'd say on a daily chart it would be more towards the 3064 level than right here at a key support area that has helped. Now you wouldn't see that on your charts because unless you're using the TD9 count system, which you should want to use a TD9 count system, especially for individual stocks that you trade because it will help you to identify key levels of support and resistance, let alone where we at in a potential top or bottoming process out there. Monthly chart doesn't look great. Price below profiles is below red oscillator and change line, but it's that daily and the weekly that I think are the stronger influence as we speak right now. Also on a daily time frame we've seen how many days four consecutive moves to the downside. So remember all instruments will typically do these little dance steps. Now it was five to the downside. So we had a five to the downside right back here on March the 1st. We had a little bit of a rally for one day out there, but just be careful. This is this looks to me more like it wants to bounce versus it wants to move lower out there and on a 30 minute basis to see if there's anything else out here that can assist us and the answer is there's not. Well actually there is. We're now starting to break out above the top of its bearish structured 30 minute profile. So that last bar, that 1130 bar did close above it. A second consecutive close of $29.97 is going to say further rally. So Frank, I do hope that helps you out. Obviously there's no guarantees here whether my analysis of the charts is correct or not. But hopefully that information will assist you in your decisions. Mike wants to take a look at the YM. So let's go take a look at the Dow Equity Future Contract and Mike Walsall wants to take a look at Microsoft. We did. Oh, you thanks for Microsoft. Okay, so that's where it came from. Perfect. Okay. So let's get back to the YM charts out here. Let's actually get them going and take a look at 0623 get these here populated. Mike is over in Portugal which is a beautiful thing. I think Mike is still in Portugal or Mike, I know you were moving at some point in time. But either way, wonderful to have Tigers all across the globe. So we'll take a look at the Dow Equity Future Contract. Perhaps the most important thing to realize and understand right now is that price is back at support. And support is at the bottom of its profile. The bottom of its profile is at the level of 33819. That is a key level to watch. If price closed below that then the Dow will signal a change in trend. Not until then. The 5 hour chart which has the Roadsman Dominicator top out here in the OECD series. Basically lower highs. Sideways moved really for the last several days out here. The 4 hour chart, not anything there that's assisting us other than a consolidation with inside profiles. 33832 is the number to watch there. Similar type situation on the 2 hour chart. 33821 is the key level of support there. 60 minute chart price pulls right back into its bullish structured profile zone. 33834 33849. So if that level fails, 33834 that is we're back to the lows of TD9 count from yesterday or early in the morning on April the 24th. That would get you back to the 33738 range. That's really about all that I see Mike out here for the Dow equity future contracts. Again the big thing is that price is at support on the daily timeframe. And that's really what we're going to watch is 33819. You're now in Italy. Florence looking, I said Florence looking for a place to live. Now that's very, very cool. I'm going to be in Florence Mike. Not for very long though. So hopefully that's what I gave you the information that you were looking for in the Dow equity future contract. So let's try to find something to use that's useful to each of us that's coming into the close. Right now you've got the Dow down to 143 S&Ps off 33, Nasdaq down 115. You're right back. If you're looking for potential trading setups in the stock market then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report if you have nothing to risk. For all the details and to start your subscription today visit the front page of TFNN.com TFNN Educating Investors You might think that if you want to be successful at trading in the stock market you'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. 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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 TFNN has launched the Tiger's Den. Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. The Tiger's Den available to all Tigers and 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. Let's spend some time on the SMH's. That's a request from Nicholas. That's as good as any place to end the show out here. So Nicholas what we have out here with regard to the SMH is in an A to B equal CD to the downside out there. That B point formed on April the 6th. There was about 3.7 million shares there. When it was passed, it was passed with lighter volume that was up until I was even including yesterday. Doesn't really matter. You still have an A to B equal CD. You're beyond the 1 to 1 level and that says to watch for a bullish reversal candle. So what I would say is price should go target $235.86. $235.86 is the bottom of its weekly profile. That is unless some type of bullish reversal candle were to form and that would then generate a buy the D point or a Gartley buy pattern. We don't have anything that suggests that's going to happen. In fact, if we take a look at the 30 minute timeframe out here, we don't see any kind of a bottoming signal as we speak right now. We're only in bar number five. So I don't see a bottom signal here inside the SMH's and so they want lower price with regard to the SMH's we are now going to be down for what appears will be down for three consecutive days. Its dance steps usually don't last beyond four or five sessions. So it's Tuesday. We should see a bottom form in the SMH's between today and Thursday. I'd more likely lean between tomorrow and Thursday quite frankly. So I don't know about today. But we should be nearing that. They've got the A to B equal CD and if we are going to bottom here, we will see some type of bullish reversal and that is just simply not in the cards as we speak just yet. So Nicholas, I hope that that helps you out. Lastly, I guess let's go back and take a look at the the intraday charts here. Here are the here's the Dow. Let's go back to that ES mini see what it is doing at signals. It was the NQ also that we were taking a look at. So let's see on the ES mini again would not be a surprise to see true support tested inside that ES mini. We talked about that. That's not that 41 18 level closed below 41 18. Now that'll generate a change in trend signal. So what I see on these intraday charts, you can see the rogement to indicator signals there that are trying to form and you got that bar number eight and that two hour time frame chart. So it doesn't look like any kind of a bottom during the day today folks. Stay tuned. You got great trading. I get great shows lined up for you and I'll see you on wonderful Wednesday. Please have a terrific Tuesday. Be safe out there. Thanks again for joining us.