 is a presentation of T F N N. Traders Edge with Steve Rhodes toll free at 1 877-927-6648 or internationally at 727-873-7618. The Traders Edge. Now, Steve Rhodes. Good afternoon, folks. Welcome to the January 7th. I believe it's a January 7th. Yeah, January 7th, the terrific Tuesday or Taco Tuesday edition of today's Traders 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. And the easiest way to do that is to always remember that life is happening for us, not to us. That's right. We knew when I make that one little two-by-four shift, it means we can find a 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're going to go figure out what the bulls and the bears, what those buyers and sellers are communicating to you and I just passed one o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here, but much, much more important than that. During this next 16 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on in at 877-927-6648. If you can't call in, we've got your cover there too. Send me a quick 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 Tuesday. Of course, this is Tiger. Financial News Network. I'm Steve Rhodes. Welcome to LUS Show. Right now we've got the markets kind of mixed bag out here. The Dow's up 100 plus points. The S&P down 7. She's trading out a 32-39. Nothing has broken through support. Russell 2000 may be a different story out there. NASDAQ 114 points, 210% to the upside. 2.2% to the upside would be the Semi. There are 41 points trading out at 1875. You've got the Spot Velotidex trading lower. Interesting. 1363 is the print. We need to see where that is in relationship to its 50-day exponential moving average. You've got gold up four bucks silver. 17 pennies. Lights we crude off 74 cents straight out of 6254. Lead the charge dollar-wise to the upside. It's Mercado Libre up nearly 20 bucks, a little over 3%. Tesla's up 15, 3.5%. Rihada Pharmaceuticals up 11 bucks or 5% lamb research up 3% nine buckaroonies. To the downside, lead the charge painting the town red its auto zone of 21 bucks nearly 2%. Intuitive surgical down 2% or 12 bucks. Merata Merati therapeutics up 9 bucks 8%. We'll ride the automotive down about 8 bucks a little about 2%. So no questions that we have. Oh, I take that back. There is one that just snuck in here. This one coming from Crispy. Let's go to the first question out here. Happy New Year. Happy New Year to you, Chris. I just bought a world stock this morning. It looks to have a bright future. Would love your thoughts on it. The problem here, Chris, is great email, but I don't see the name of the ticker symbol. So I'm good. Pretty good. I'm not that good, though. So I don't see it here in the email. I'm reading through it again. Would you be kind enough to send me that stock symbol? And then I will, I'll tell you exactly what I think about it, or what I see in the stock charts out there. In the meantime, while we wait for Chris's email or your email or your call, let's go take a look at the general markets out here, try to get a flavor and a feel for what they're doing. So let's start by taking a look at where is price trading in relationship to levels of support or resistance. The first levels of support or resistance we're going to look at are going to be those TAS market profiles. And here is truly a mixed bag. If you take a look at the ESMini, trading in between its daily profiles, the bottom which is 32.16, the top 32.41. If we take a look at the NQ, price is not only trading above the 2019 high, which is 88.43.50. It's also trading above the top of its daily profile. So the NQ is just simply all out bearish. Now it hasn't taken out its previous spike high or high out here from a few days ago, but nonetheless, it's above resistance areas out there. We take a look at the Dow. Now those yellow lines that you see, horizontal lines on my screen out there, those are the highs for last year. So trading above those highs is, you'd have to give it a bullish edge to the interpretation of what it means. If you're not trading above it, well then you haven't broken out. You kind of get the picture out here. So with regard to that, which we could say is breaking out, it is the NQ out here. We take a look at the Dow. Price is trading at the bottom of its profile. The top of which is 28, 625. It's a bearish structured profile. If you do see price closed below 28, 530, not 529, not 528, I don't know the exact number, but below 530, well then that would be telling us that sellers should be able to move price down to the 28, 292 level. That would be the bottom of its profile. We're not there yet but watch that 28, 530 level. I think that would be 2000. Well, it is trading below the bottom of its daily profile which is 1665 and change out there. The price has potential support at the bottom of its weekly profile which is 1635 and change out there. With regard to market profiles, what's the story here? In essence inside the ESMini, you've got a consolidation because price is trading in between its daily profile. Inside the Nasdaq, inside the Dow, price is trading with inside its box. So it's in essence in a consolidation and the Russell 2000 has a mind of its own and it's not trading inside its consolidation other than maybe the larger consolidation that would be the weekly set of profiles 1635 to the south and 1687 to the north. Just out of curiosity where are the equity futures contracts trading in relationship to their apigee pivot points out here. The ESMini is above it which is 32, 3750. The NQ is above its pivot point. That's 8776. The Dow just slightly below its pivot point of 28570 and the Russell below it. So we've got a mixed bag out here. Do we have any more mixed bags? I don't know. Let's go take a look at the New York Stock Exchange see what its advanced decline oscillator reading is right now. It's just below zero. The reading is minus 10.15 at its panel below zero. You need to see a second close below zero. That would be tomorrow. Combined with the spot volatility trading above its 50-day exponential moving average in order to get the alignment that sellers would need in order to be able to push prices lower. 1366 is the 50-day exponential moving average and you've got the spot volatility trading below that now at 1358. Boy, these markets are getting making it more and more difficult for you and I to navigate. No consistency here. What do you mean, Stevo? Well, when the advanced decline oscillator is below zero, it's telling you that the market breadth has switched to negative. Now, you need that second day in a row because you can have just, you've heard of the one-hit wonders out there. Well, that could be the same thing or we apply the same thing here to trading and investing. You want to see a band that's going to be around a long time. You know, you've got plenty of those one-hit wonders out here. So you need to see at least two days and if the market breadth is negative, combined with the spot volatility above its 50-day, that's when the New York Stock Exchange can get rockin' and rollin' to the downside and that is not the message we have right now. We've got those conflicting signals. Steve Rhodes with TFNN will be right back. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is sure a mighty weapon. The TAS Profile Scanner is a stand-alone piece of software that instantly filters over 2,500 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 the market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the TAS Profile Scanner to profit. 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We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience educating investors. Call now toll free at 1-877-927-6648 internationally at 727-873-7618 Welcome back folks. That was off 96 S&P about six points. Our second question will go back to our first question here from Chris B. in just a moment but the second question coming in from John inside the Tiger's Den and John wants to take a search contract out there and the question is can Silver run past 1850 and move up to 1960? So John the chart that is most interesting to me at this stage here to assist you in answering that question would be taking a look at the monthly time frame chart here for Silver. Now what you're going to notice or what you should do, excuse me what you should notice is two green horizontal lines. One is 1832. The 1832 mark on a weekly basis is the most recent TD set up nine count to the bottom and we can see that price has tried to crack that 1832 level and has failed to do so. So there is a level of resistance the next level which is 1949. So if and I you know can I see price spiking up into that 1950 level 1949 happens to be the next TD set up nine count yeah there's been lots of resistance in there and watch this 1832 price of Silver right now 1838 out here so it's trading right now up into a resistance level that's what the monthly time frame chart is telling us and I think that that is important. Let me switch over I kind of flip back and forth between charts here. If we take a look at Silver in relationship to its TAS market profiles prices above the top of the daily weekly and monthly those are the two charts on the upper panel and then the lower left profile set of profiles out here the quarterly set of profiles has a current top of its box at 1881 so there's another level of resistance you're 1881 it's about 1850 it's not all the way to 1960 but that is a so you've got some significant resistance with regard to Silver as we take a look at it now we take a look at the daily time frame chart so at least in this video we're going to look at the daily time frame chart out here today is going to be bar number eight of a TD setup nine count to the upside we know that on those TD setups it can be bar number eight as was the case inside of Silver went to last top back on September 4 2019 or it could be bar number nine or it could be the bar following nine now typically that high would occur on a top out here that yesterday's high should be taken out whether that's today whether that's tomorrow would be Wednesday or whether that's Thursday before you would see that TD setup count out here because bar seven right now is the one with the high we can't see on a daily basis DB's red line turn green there's going to be an eventual hookup between price and and the oscillator and change line out there but that that could install first really several trading sessions out there so the quarterly's got resistance we gave you those levels the monthly has got resistance we took a look at those we know that the daily is potentially moving into a possible topping pattern scenario with its TD setup counts out here and if we take a look at the weekly chart out here not really much more to add to the picture so hopefully that silver we take a look at it just out of curiosity let's go take a look at silver on a very short term basis by very I guess I'm just going to take a look at a 60 minute time frame chart out here let's go see what silver's done on the hourly this is still suggesting this too by the way on an hourly basis is in bar number six maybe the TD setup nine count occurs here sometime around so that would be bar number six would be four would be X so it could be four order this evening in the when the silver contract begins trading again so that's just your one hour time frame chart hope that helps you out with regard to high whole silver now let's go back to the first question that came in let me pull this up here and that was from Chris B and Chris wanted to take a look at ticker symbol EM X so let's go grab that out here EMX a Realty Corp and let me look at this as well and so you're I think you just bought this today looking for this thing to continue to soar so as far as today's activity what price did was a pullback tested the top of a brand new daily profile which is a buck fifty nine and it's bounced off of that so that looks good prices above the weekly set of profiles and above the monthly so now what we've got to go do out here Chris and we take a look at the daily time frame chart here's what we know we know the price has been stretching itself and it's been doing it with less relative energy out here now what we don't have what's missing from this picture is some type of bearish reversal candle but I would just be cautious just cautious doesn't say exit the trade just says be careful be very very cautious stay on top of that profile so staying above 159 would be nice for you support on this is 149 that is the bottom of that daily profile let's go look at the weekly so that the daily is saying I don't know if it was really the right time to enter just be cautious the weekly has also been stretching to the upside doing less and continue to be observed now look we just did our wave count from the lows back here in last November November of 2018 and what you're going to notice is last week's high was wave number 7 that is letter G so if there's ever caution signs of time to maybe not get into an equity it would be okay when you got the roadsman to indicator signal forming a caution sign on the weekly time frame for EMX maybe it ignores all those caution signs I don't know I just know that EMX has got basically one confirmed topping pattern that's the weekly in one potential inside the daily now we take a look at the monthly chart out here monthly is going to show us in bar number 7 this week or so it looks let's take a look at its patterns shows any signs of caution on the monthly time frame chart the monthly time frame chart may also have an A to B equal CD pattern that is underway that would look something like this out here with the one to one pool boy so now on the monthly time frame you've got a one to one price projection that has been hit that was a buck 72 looks like it's pretty much been hit this week today yesterday whenever it might have been a couple of months it's going to be about 40% of the symbols that we would look at for any time frame you've got to stay within that time frame will complete the one to one A to B equal CD the one to one the other 40% are going to be an expansion 1.272 1.6182 somewhere there about so am I worried that this has that as well so what steve is saying here I'm saying be cautious I'm saying be very very cautious out here not saying that it's a bad trade but you've got a number of signals and just got to be careful just got to be careful Steve Rhodes with TFNN will be right back I'm certain you are or strive to be one of the best of the best at everything you do in life at the time and I'm Steve Rhodes author of Master of probability and for the last 12 months timer deceased has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation the S&P 500 for the last 12 six and three months The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. The path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now's a perfect time for a 30-day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter. Using a combination of equity trades along with options, David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30-day free trial to David's daily newsletter The Path of Lease Resistance with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every morning then visit the front page of TFNN and you'll find the Path of Lease Resistance under Trading Newsletters. For all the details and to start your 30-day free trial today log on to TFNN.com now. TFNN is excited about our new software charting program, the Art of Timing the Trade Chart. In collaboration with Tom O'Brien and using his best-selling book The Art of Timing the Trade, your ultimate trading mastery system, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software, get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. 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. Now it's off 102 right now, S&P down 6. Let's go to our next question. Next question coming in from Brent in Martinez, California. Brent wants to take a look at the oil contract as well as Occidental Petroleum. And this is a pause or potentially a top. So let's go take a look at both of those instruments. Let's start here. Let's start with taking a look at Occidental Petroleum. And so with regard to Oxy, ticker symbol, by the way, folks, OXY, we can see the prices above the daily, above the weekly, and as inside and above the center of its bullish-structured monthly profile. What this communicates to Brent, to you out there, is that longer term looks like Occidental Petroleum wants to make a run for the top of that monthly profile, which is 53.69. I can't tell you when, how long it's going to take, if it's going to do that. But it is above the center of that monthly profile, 41.95. Now, we're early into the month. So it really needs a close above that level, 41.95. In the month of January, it's only the seventh out there. But nonetheless, let's go with the information that we have. And that looks pretty good. Now, let's go back to Brent's other question, top, pause, or what have you. When we start with, let's go from, in essence, from right to left, from monthly back to daily, when we take a look at Stevie's other charts. What we know about Occidental Petroleum is there should be resistance at Stevie's red line. That's 46.48. Now, price hasn't hit that just yet. But we know that price is moving up in towards that level. And if price tests and rejects that on a monthly basis, well, then that would be bearish. And suggest that price could move back down to test the bottom of that profile of 39.60 or worse. But right now, that's what the message would be. What is the weekly timeframe message tell us about Occidental Petroleum? Hey, we're above the top of the profile, but what have we traded into? Turns out what the weekly chart for Occidental Petroleum done is it's right now, it's run right into resistance, where it had last broken down. Now, how do we know where the breakdown level was? We do that by taking a look at that TD set up nine count out there. Why? Because it's like you or I running a marathon. And if we were fortunate enough to complete that marathon, whether it was a two-mile marathon, a five-mile marathon, a 25-mile marathon, Lord only knows. The fact is, when we got to that finish line, we'd probably be kaput or kaput, however it is you look at that. Well, where's the kaput line when we take a look at a chart? It's really simple. It's those breakdown levels, because that is showing us the marathon. You had to do nine consecutive closes, in this case here, where each close was below the close of a bar, four bars earlier out here. So it sets up beautiful lines of support or resistance. So Brent, from a weekly perspective, 45-42 is the net. Is there anything in looking at the weekly chart that suggests that you exit? No, just simply that you're up near a top order. This could be where the countertrend rally in oxenotpetroleum ends, based upon its weekly time frame. But let's go take a look at the daily time frame, right? Each of these time frames will have a different story, or may have a different story. If we take a look at the daily time frame, this tells us that price is above its first level of resistance, 42.30. The next one, its next breakdown level, was 45.76. We can see that Stevie's red line has turned green. That's right now at 41.60. You're in bar number seven of a TD set up nine count. If the full TD set up nine count occurs before 45.76, its message is it wants to pause or pull back. Pull back to where? Well, because our oscillator on chains on a daily basis has turned from red to green, we should see price and it catch up to each other. So right now, it's printing at 41.60. It could be a combination of price stalling, the line moving up, price pulling back, any combination thereof. So what our topping and bottoming charts are telling us is that okay on a daily basis, maybe this has a little bit further room to run, 45.76, but that's resistance. You've got resistance in the weekly and you've got resistance in the monthly. So Occidental Petroleum has its work cut out for you. What you'd really like to see it do is just travel sideways here for a while so it could build up a little bit of energy in its move higher. Now when we take a look at LightSuite crude, we know that LightSuite crude is above the top of its daily, it's weekly and trading inside of its monthly profile out there. Let's see if I can multitask and do two things at one time. So in this case here, what LightSuite crude and also it's trading with inside its quarterly profile. So this is suggesting to the extent we don't see some kind of top. We go look at my other charts is that price is targeting the 66.77 to 70.27 level. Those are its task market profiles from the monthly timeframe. So let's go take a look at the monthly timeframe chart, see if there's anything out here that we need to be aware of. You've got resistance here where you had that bear sash candle in the month of May. So that would say that resistance here is gonna be 66.98, just resistance. 77.82 would be your major resistance level. So right now price trading, it's consolidating between 77.82, it's TD nine count breakdown and 46.99, it's TD nine count breakout. So you've got a consolidation in essence longer term consolidation inside of LightSuite crude. We take a look at the weekly timeframe. The weekly timeframe doesn't show its resistance level until it gets to 74.18 if it can get up there. Here we can see the bearish engulfing candle. That is from the month of, I'm sorry, the week of April 26th, 2019, that high, 66.98. You're gonna be in bar number six from a weekly standpoint. We do see that my red line did turn green. And so there's gonna be an eventual test of that line in price here. Let's go look at the daily timeframe with regard to LightSuite crude, what do we see out here? So today so far in its pullback, right now trading out at 62.57 Brent, it's just been a test, it's a bullish test. Test of Stevie's green line out there. And so as long as price trades above it, which is 62.42, then you're in good shape and price could continue to move higher. If it trades below 62.42, well then you're looking at a run back to either 61.64, the top of the daily box, 61.18 or 60.25. So I would say to the extent that you wanna pay attention to more granular short term information such as the daily timeframe, you're watching 62.42 and then it could be any one of those three TAS market profile levels where price would pull back to. But right now it's bullish, price is held Stevie's green line. That's what I see when I take a look at LightSuite crude, Occidental Petroleum, and thanks for taking the time to write in. Let's go take a look at our next question. This one coming in from John in Sarasota. Happy new year, happy new year to you. Is Moe better? Is Moe moving? So let's go take a look at ticker symbol, M-O for John in Sarasota. And let's go see what that is, doesn't ring a bell off the top of my head, but probably as soon as I see it, I'll be like, of course it, of course, yeah. Altria group out here. So the question is, is Moe moving down? Well, if we take a look at it, it was moving down and John had found support at a friendly area, the bottom of its TAS market profiles. You know, folks, take a look at this chart out here. This is such a beautiful thing. Now, when I say this is such a beautiful thing, what I need to do is I'm gonna pull open the chart and I'm gonna turn off price. Gonna do what? No, okay, I'll leave price on. I'm gonna turn off the profiles. Now you, you, you out there, you're good. You're so good. Tell me where support is and where resistance is. Like if you were playing the game of risk, how many of you out there remember playing the game of risk? Or you're just playing any kind of game out there or just a battle. Maybe it's football, maybe it's an actual bat. Stratego, remember that game? That was a great game out there. Whatever game it is you play, don't you want to know where buyers and sellers are? Well, here they are. And what did price do for Altria today? Tested where the sellers are at. 49-40, John, price must break through that to break the back of the buyers. If you're in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from 30,000 to 75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. 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From all aspects of the markets, including stocks, bonds, metals, commodities, and tech, there's a newsletter to fit your needs exclusively from TFNN. Stay informed each day you trade and get that competitive edge that will help you stay ahead of the game. Visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page. TFNN.com. Educating investors. Biotech is booming, but for how long? Whether you think the Biotech bull has room to run or has run its course, trade L-A-B-U or L-A-B-D, directions daily S&P Biotech three times bull and bear ETFs. Visit directioninvestments.com slash biotech today. An investor should consider the investment objectives, risks, charges, and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact direction shares at 866-476-7523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV for the latest market information. Welcome back to folks. We're taking a look at the Altria Group. The ticker symbol here is M-O. And this is for John Ian Sarasota who was asking the question, is this getting ready to move down now? I pause there at the very end as we're going to commercial because I think I might have said sellers when I'm in buyers and so forth. So just because I might have confused you, I just want to go back to the daily timeframe chart that's your left-hand panel. And so what John knows, because today there's a brand new profile that formed. And so to the extent that John would have or you would have market profiles out there, you would know where the buyers are lined up. They're at the bottom of that box, the bottom of that profile, use box or profile. They're interchangeable out here. Even though we don't see any boxes, so to speak, on my screen, that would be 49.40. So if price were to close below 49.40, then these sellers would have broken the backs of the buyers. Where would price end head to next? Well, the next level of support in lieu of some other daily profile forming, we'd fall back to the weekly. The weekly would say then 48.91. And if price were to close below 48.91, then John with that sets up as potentially move all the way back to the bottom of the monthly bare structured profile. And price hit the area where if this was just a, let's say a counter trend rally in a continued move to the downside, which would be 50.45 would have been the number that we would given you. But right now you've got some support that is held. So I couldn't suggest that you, if you're trying to sell this, I'd rather see you sell this on a bounce higher into resistance where the sellers are at. I'd rather have sellers at your back than for you to be fighting buyers. The sellers are located between 50.63 and 51.16. So John, I hope that helps you out and happy new year to you as well. Let's go to Robert in Overland Park, Kansas. Robert, thanks for calling. Thanks for holding. How are you today? We're taking my call. Oh, my pleasure. Yeah, I was calling in about natural gas if you could give me your thoughts. I've been watching it for a while and I feel like it's getting close to bottoming and I wanted to get your take on it. It's getting close. We know that buyers are trying to step in here. So you're not the only one with that opinion. They're trying to step in and test the waters out here. So we're taking a look right now at the February 2020 contract for natural gas. I know you're calling about UNG but you want to make your trading decisions based upon what we see inside the underlying instrument. And yesterday, which wasn't really a tough task because the prior day was a little doji candle but yesterday's higher clothes generated a bullish reversal candle referred to as the bullish engulfing. Now, the reason Robert, why that's important is because the way that I believe the market walks, talks and squawks to us is at the end of a pattern. Well, one of the patterns that we use out here is our A to B equal CD tool. This is showing the one to 1.618 A to B equal CD. We had yesterday's bullish engulfing candle. Today we can see that prices moved higher but it is sitting right on Stevie's red line. And we can see that that level has held his resistance. Now, over the course of the last couple of weeks we have seen a couple of closes above that but prices given it up on the following trading session out here. So because this is such a large A to B equal CD to the downside, if this really is a bottom out here my suggestion is to just wait and let the market prove itself and communicate that to you. And we just don't have that. The first element of that communication would be a close of about right now at the 216 area. You'd prefer to see it a little bit higher but then additional follow-through tomorrow. Now, here's another problem because what natural gas has also done today is it's formed a new profile. Here is the daily timeframe. Well, it's also done that in UNG but let me come back here to the natural gas contract. Let's take a look at its set of profiles out here and its set of profiles they should populate. See, it's got a brand new daily profile. So Robert, either this is in the process of forming a bottom that is a bottom or this is nothing more than a head fake and yeah, we'll see a counter trend rally because the sellers are lined up at $2.22 or 23 cents out there. If we get the close above Stevie's red line two days in a row and then we get the close above $2.23 the top of the daily profile natural gas then I would tell you that yes, natural gas has bottomed. So to summarize and then I'll take whatever other question you have, valid bottoming pattern that is trying to form out here. We got yesterday's bullish reversal candle. What we need today is a close above a resistance area and right now that's Stevie's red line that's the oscillator and change line price is trading on it right now and even if we do get a close above that and you would get the signal to go ahead and take that trade, you've got to be cautious because this also could just be a counter trend rally. We haven't seen natural gas close above the top of a daily profile two days in a row since October the 30th of last year. So and if price were to close today back below $2.15 that is low for 2019. That's really kind of a bearish takeout there. So did I am I clear on my interpretation of the charts or not and let me try to be clear with you or what other question has formed in your mind? No, that was very clear. I have a question about a different instrument and that is GBTC and I don't know if you evaluate that or not, I know there's a lot of negative use for it for valid reasons and I just didn't know what your thoughts were. It looks like it's kind of formed the bottom and it's beginning to change a trend in my perspective. Yeah, so this is the ETF for Bitcoin folks. Right now it's trading at $9.90 and we'll just go analyze these charts out here. My preference would be to go take a look at whatever the underlying instrument is. I don't know if it's just true Bitcoin out there and I'd rather look at its patterns because it's trading nonstop versus an ETF that's trading in essence for six and a half hours of the day, just simply more information is better for us but in the meantime, because I don't have that, whoops, let me actually type it into the proper spot, let's go take a look and see what we can understand or learn about the grayscale Bitcoin trust out here. First off, price is above the top of its daily profile, 912 with volume, so that looks good. Price is trading above the top of its weekly profile, that's at 956, that's good. And price is above its monthly profiles out there. So with regard to the Bitcoin trust, what we need to do is go take a look at other tools out here. Well, in this case, this would suggest to me that where GBTC is headed to is where last broke down, which is $11.12. So you're trading at 991, it's already above one key breakdown area that was 919, it gapped up above that today. This would signal to me, Robert, that 1112 is the targeted level on its move on the daily timeframe. Let's go take a look at the weekly timeframe chart because we could see different things out here, different areas of support or resistance. When we take a look at the weekly timeframe, we're gonna see that price is trading right into Stevie's red line. Now see how that line changed color three weeks ago, it changed from green to red. And oftentimes folks, if you listen to the show, you know, when we see that, Stevie says what? Says, hey, we're looking at an impending move where price and that line are gonna catch up to each other. That's what's transpired now today, the weekly timeframe chart. Robert, this week if price closes above that, let's just say it's $9.85, that will suggest a change in trend. And therefore I think the weekly will go ahead and carry out its function, which is moving up to its next level of resistance. That level again was $11.12. I hope that helps y'all. Perfect, thank you so much. You bet, Robert, in Kansas, Steve Rojo-TFNN will be right back. Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call, Basil's daily trading newsletter, by visiting the front page of TFNN.com. 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To see for yourself the types of profitable trades that are recommended within the gold report, sign up today by visiting TFNN.com. You know what's cool? Taking something that's good for you. Something specifically formulated to help with weight loss, better sleep, stress reduction, and the need to detox. Nicar hunter and gatherer ancestors found all their nutritional requirements 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, fatty, 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 Paige, 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 Paige 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 folks. Another hour just motoring on the buy. Thanks so much for everybody that's writing in with requests or making phone calls like Robert just makes the show go so much quicker and we stay on track. We stay focused on what you wanna look at. So during this two minute wrap, let's go take a look what Ken wants to look at which is an entry point into ticker symbol CTL. CTL is century link. That's what you see on your screen right now. You can take a look at the daily, weekly, and the monthly set of profiles. What does this tell us? Well, it tells us price below support on the daily timeframe. Price is below support on the weekly timeframe and trading with inside support and resistance on the monthly timeframe. Monthly would say on this pullback that price may be targeting 12.01 to 10.83. So Ken, the first two numbers with regard to an entry into century link are gonna be 10.83 and 12.01 because of that bullish structured monthly profile. Now let's stick with the monthly. Let's go take a look at it on my other chart see what we see out here. We see that Stevie's red line is 11.07. That's another number to write down out here. What we can also see though on the monthly timeframe is a confirmed A to B equal CD to the downside. It was the one to one level. It was confirmed because of the bullish and golfing candle. You can see that back in the June, July timeframe. What else was confirmed? A rose momentum indicator bottom also confirmed by that same bullish and golfing candle. Price did get up above Stevie's red squiggly line but ran into resistance. Old support would have been the TD set up nine count level of 1548. Sometimes these TD nine counts old support can become resistance. In this case here, it looks like that's what it's done Ken. And this is suggesting maybe just simply a pullback to 11.07 for an entry point into century link. If we go take a look at the weekly timeframe chart what is it communicating to us? A price of trading below Stevie's red line we can see resistance was 1580 never made it all the way up there but that was where resistance where sellers were located. Price below Stevie's red line suggest a further pullback. So your entry point, let me look at the daily real quickly here before we get off of the air. Let's pull this over for Ken. Ken do we have any other figures out here for you? I don't. Right now it looks like lower price for century link. Folks stay tuned. Your favorite polar bear David fights up next. Tom O'Brien after that and I'll be back with you on wonderful Wednesday. Have a great Tuesday.