 6648 or internationally at 727-873-7618 The Trader's Edge. Now, Steve Rhodes. Good afternoon, folks. Welcome to the June 28th, otherwise known as the terrific Tuesday 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. Hope everyone out there is having a great day. And 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. 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 tossing at us. Now, today, you and I, we're going to go check out the circumstance of these markets. We're going to go figure out what those bulls and bears, what those buyers and sellers are communicating to us at just past one o'clock in the afternoon. I do want you to know I'm absolutely grateful for your presence here. The more important than that, and that's this. During the next 53 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on an 877-927-6640. If you can't dial in, we've got you covered there, too. You can always let your fingers do the walk-in. That means go ahead and send me an email. Send it to Steve at tfnn.com. But inside that subject, I mean, if you would be kind enough to put radio show question, of course, in our Tigers, and well, any. In every ping, we'll do, but Stevie does prefer those private ones, just a little bit easier to keep track of your request. 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 less show right now. We've got all the U.S. indices trading in the downside. Dow's off 277. Eight-tenths, one-and-three-tenths for the S&P are 51 points. Nasdaq, two-and-a-quarter percent, 267 points. That's where the real problem is that. We'll take a look at that shortly. Russell's off 16. That's down about 1%. Summai's nearly 2% or 49 points. The Trendy's off about three-tenths or three-quarters or a percent. That's 101 points. Gold's off $0.70. Silver's down 31 cents. We've crewed up 230. Natural gas up 13. The 30-year treasury is down three ticks. $135.07 is the print. As far as what's leading to the upside today, it's Qualcomm. A five-and-a-half percent or seven bucks. Oasis Petroleum's up four bucks or three percent. Lockheed Martin, four bucks. 1% Hescorp, four bucks, and that's about four percent. Google's the leader downside from a dollar standpoint. That's off 71 bucks. Latest technology is down 40 bucks or nearly about six percent. Booking Holdings off 31. One-and-six-tenths. Tesla off 30 bucks. Four percent. Hubspot down 21. That's six-and-a-half percent. So, certainly, we've got some movers and a bunch of shakers out there. But I did mention that the issue is with the NASDAQ 100. What I meant by that was this. Let's take a look at our TAS market breath dials out here near looking at the upper right. It's in the red zone on the 60 minute, the 240. The Daily says, be careful out there. Maybe this is just a head fake because the daily is still bullish. So, let's go take a look at what this actually is telling us or communicating to us. Right now, on a daily basis, there are 34 instruments trading above the top of their daily profile, 31 trading below the bottom. So, it still has this bullish crossover. When we take a look at the shorter-term timeframes, for example, if we look at the four-hour timeframe chart, here we are. Now, this four-hour chart, the four-hour timeframe. I don't have it here. I believe that it's not till four o'clock when this bar closes. So, right now, 109 in the afternoon, it's not really communicating the current status. But the question is, does it hold by the end of the day? So, 10 are trading above, 63 are trading below the 240-minute profile. Now, we're going to go take, like where the support levels for those two specific timeframes are, 60 and 240. And again, on the daily timeframe, as we said, we still have that bullish crossover. Okay, so let's go take a look at the NQ. Let's do this here. Let's move this over. Let's move this over. Get that out of the way. Now, let's actually go take a look at the NQ's charts. We're going to change screens. We're going to go take a look at the multi-timeframe chart. So, in the upper left, you've got the daily timeframe. Price may be targeting. So, one price target on a further move lower is going to be 11,560 or thereabouts. That's its red oscillator and change line. We have a nice TD-9 count top on the five-hour timeframe, 300 minutes. Price, right now, is trading below. Now, this bar here is going to close at 2 p.m. Your price close below the bottom of its profile, which is at 11,800.20. We're trading below that now. If we close below that, odds are that price would pull back. We see a further pullback and 11,543 would be the number. 11,605 is another area to be watching. That's on the two-hour timeframe chart. Price is below its first breakout level. Typically, when you close below one breakout level, you go to the next and that's at 11,605. So, our range of possibilities are endless. But right now, our range with regard to where support is at, assuming 11,800 fails at 2 p.m., don't know whether it will or won't, is between 11,543 and 11,605. Now, look at the 60-minute timeframe chart. That was one of the timeframes where we had that bearish crossover. Now, here, let's open this up, see what we see. So, there's an A to B equals CD to the downside. That's clear. I'll draw in the A to B line and we'll just move that over to the C target. So, A to B looks like this. Now, all I've got to do is take that line from a price projection standpoint. So, you can see we're well below the 1 to 1 level. That says that if we see a bullish reversal candle on a 60-minute timeframe, that's going to confirm a Gartley buy pattern. Short of that and short of a TD-9 count pattern for me, which we're well away from that taking place, then this says that price would want to target the 11,374 area. That's what's coming from the 60-minute timeframe. Now, as we scan the other timeframes out here, you've got a 15-minute TD-9 count bottom. So, that's a beautiful thing. That says on a 15-minute base, if we see a close below 11,756.50, then those lower targets that you and I took a look at are more likely because you will have a bottoming pattern here that has failed. And that's really about it. We take a look at the NQ, at least at this stage of the game for these timeframe charts out here. One of our dinners, Dan at Boston, he likes to look at Nike. And in looking at Nike, I believe, Dan, maybe I am misstating this, but uses that as a guideline for the general markets. Well, if we take a look at Nike, it's getting the snot kicked out of it today. Where's my three-time frame chart out here? Here we go. And it's got big volume behind the move. Now, we're going to take a look at what Nike is doing. Oops, I'm sorry. Let me change screens here. We're going to move back and forth. Hopefully, I remember to move back and forth on the screens. We're going to the black background screens here right now. And then in a few moments, we'll go take a look at the white background charts, just trying to actually get this set up so I can get to the right spot out here. We're going to take a look at what Nike is and isn't doing. So if we use that as kind of a proxy for what the markets are doing, that may provide us with some important information. Now, from a volume standpoint, you can see you've got big volume. Already at 22 million shares. If I open up the daily timeframe chart, last time we had volume like this was back on the trading session of on the September 24th. I couldn't actually read the volume there, but we can now. That volume at days then was 27 million shares. We're already at 22 million shares, so we're going to have even more volume on that day. Now, here what price is doing is pushing into a swing point with volume. That's a swing point from May 25th. That only had volume of 7 million shares, but it hasn't been able to bust through that level. Something to think about. Now, before I change charts, what I will share with you, this is the daily timeframe for Nike. That is that we have a TD9 count bottom that formed on this bar right here. That's a bar from June 22nd. I'm going to draw a line across the bottom of the screen out here, so you'll have that price. This is the price to pay attention to, and especially today. As long as 104.61 holds, on a daily basis, there still is in effect a TD9 count bottom. You close below that. That would then suggest that we look at it lower. We come back from this break. We'll finish taking a look at the Nike one, MKE, which on a weekly basis has a confirmed Rhodes momentum indicator bottom. We'll be right back. Time of booming inflation. We are purchasing powers eroded. There's no better place to protect your hard earned money than in gold. This is the gold flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. 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Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability, and you'll receive access to seven 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. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the markets open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, Educating Investors. Toll-free at 1-877-927-6648. Internationally at 727-873-7618. Good back folks. So the chart we actually have up on our screen right now is a correlation chart. And this one at the top shows the chart here for Nike, which not shown is what this is correlated against, which right now is the S&P 500. The bars on the bottom when they are above zero, which most of these are above zero, and this is set for a three-day time period. That's the shortest correlation time period that I can use. So it's looking at the average from a three-day standpoint. And you can see when bars are above zero, it tells you you are directionally correlated. So to use Nike as an example as a proxy for what's going on in the market, absolutely. We can do this here. You can take a look at Apple now. Of course, I've got this going against the APL. I've got this going against the S&P 500. But you'll see the same kind of set up here, a three-day proxy, so the direction of the markets. What we're taking a look at Nike because it's a trade-in at the lows with volume, but it hasn't been able to bust out that swing point. Let's go change over now to our white background screen. Give me a moment here. And I mentioned as we were going into the break on the weekly timeframe, you've got a Rogement to Indicator bottom pattern that formed last week, that formed. Now, we get these patterns out here. Actually, it's formed a couple different times. So the first confirmation of the Rogement to Indicator bottom actually took place on May the 27th. And then you've got a second confirmation of Rogement to Indicator bottom on June 24th, the week for June 24th. So what Nike needs to do in order to negate its bottoming signals, both for the daily and the weekly timeframe, is close below $1,599. Hasn't done that. What it needs to do on a weekly basis and tell you that it's going to get its mojo, and that mojo would really just take us back to 121.30 at a minimum, is price has got to close on a weekly basis above its red oscillator and change line, currently printed at 112.17. So on the daily timeframe, what price would need to do, I gave you a number which was the TD9 count, but the breakout level is really where price needs to close below. And that's at 103.46. Has not done that. Now price below that red oscillator and change line, as long as that condition remains odd, would odds favor at least a test of the 103.46 level, perhaps price will actually go ahead and break through that area. 30-minute timeframe chart, Nike's got a 30-minute TD9 count bottom, oscillator and change line which changed colors recently. Price should be able to make its move up to that line. That's currently printed about 106.88 out there. So with regard to Nike, that's what we're taking a look at. In summary here, Nike's got a bottom for its weekly timeframe that is still in place for its daily timeframe that is still in place out here to prove itself. What we really need to do is see price get back above its red oscillator and change line. That's 104 for the daily and 113.16 for the weekly timeframe. Let's go to our first question. It's actually the only question that we've got in at this moment. This one coming from HD. HD says, would you please take a look at Pfizer, PFE and PG, Procter and Gamble. Own some of each and thinking about selling them. Let's go take a look and see what they're communicating to us. We'll start with just take a look at our three timeframe charts out here daily, weekly and monthly for Pfizer. PFE, again, is the ticker symbol there. We take a look at Pfizer. Here's what we can see. First of all, Pfizer on a monthly basis is testing its green oscillator and change line. There's a TD9 count top. As long as price holds at green oscillator and change line, that is currently printing at HD. That level is 50, 27. Conditions will be somewhat neutral. On a weekly basis, I drew it in on the daily timeframe. What I really see is a good old-fashioned consolidation. Let's go take a look at that consolidation. Let's open up the daily timeframe chart. The daily timeframe chart, let's pull this back just a tad. Here what we see, or at least what I see, is really just a sideways consolidation. That range is from about 46, 40 or so up to about the 55, 36 level. So good consolidation area. There was a new profile. It's still a new profile. Well, I can't say new. It's about a week, a week, maybe two weeks old out here. But when it did form, HD, it formed above price, which is kind of a bearish message out here. We can see that yesterday price got up towards that level. That level, by the way, the bottom of that profile is 52.35. Yesterday's high was 52.23, and price has pulled back. But it's still above that red oscillator and change line. So it's unclear. Maybe what Pfizer's doing is pulling back to 50.01. You're really in the center of that consolidation, right? The center to the bottom or the center to the top out there. So you're kind of in no man's land or no woman's land out here. So you're considering jettisoning the position out here. Certainly you should have a stop in place. I can understand jettisoning the position if price goes below 50.01, because then that would really suggest to us that price should go down and hit the bottom of the consolidation pattern. So the weekly, and if the monthly were below its green oscillator and change line, then I'd be on board with that too. But you're right in the middle of consolidation. Price may in fact be wanting to move down to the bottom. The confirmation of that OHD would come from a close below $50 in one cent out there. Let's try Procter and Gamble PG as the ticker symbol. Now I've got a number of things that are running. This will take about 10 seconds to populate here. So I suggest we get a swig of water. Only problem is I got an ice cube that slid through that hole, which I don't mind chomping on. I may have to do that. It just might not sound good on the microphone. Oh well, got to do it. Got to do it. No choice. So let's take a look at PG on a monthly basis, TD9 Count Top. Price makes its way all the way back to its breakout level, $131.94. Now there's not a bottoming pattern. But what there is when you get back to the breakout level, that can be a bottom. Does that make sense? I hope it makes sense. When I say not a bottoming pattern, no A to B equals C, no TD9 Count, no Roadsman to Mindicator signal, no wave number seven, but pulling back to a breakout level can be the bottom. So on a monthly basis right now, that's what we're going to say. On a weekly timeframe out here, don't have any kind of bottom signal. But the oscillator and change line, oh, I take that. No, I don't take that that. No bottoming signal. But the oscillator and change line has changed colors and that could become a target. Price on a weekly basis is trading instead of a bullet structure profile. So last week, so last week closed above the center, signaling that price wanted to move up to $158.75, but of course we knew the oscillator and change line could be an area of resistance HD. You need to close above that center and right now price is trading below. That's at $142.50 or $141.37. Again, we're kind of mid-stroke here. And I'm looking at the daily timeframe and I do have a bottom signal there and that is wave number seven. That is letter G. And so at this day, price is above the top of its profile. So you've just got to pull back so that there's no pattern out here. There's no topping signal inside of Procter and Gamble on a daily timeframe. Oh, interesting. Let me do this. We're going to switch panels out here HD. And the reason is because there's a new profile that my other system is picking up that is not being picked up by the white background chart. So let me hear this at least as information I can provide to you to assist you with your decision there. And you'll see that here in a moment. I'm going to simply expand out the daily timeframe screen and that is the following. One, a brand new profile motion structure has formed. The bottom is $140.85. The center is $142.31. The top is $145.24. The price were to close below $140.85. Odds favor HD. The price will pull back further. That further level is going to be $138. That is the oscillator and change line. So those are your parameters that will help you I think to make your decision. Thanks much for taking the time to write in. Folks, I'd love to hear from you as well. It's Steve at TF9.com or give us a call at 877-927-6648. 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. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, DXAU, HUI, GDX as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TF9.com. Don't miss out on the next great gold trade. Sign up today. TF9 is excited about our new software charting program, the Art of Timing the Trade Charts. 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Get your copy of the Art of Timing the Trade Charts today by visiting TF9.com. Welcome back, folks. Let's go to our next question. It's the only question we've got in the queue, so I would love to hear from you as well out there, whoever you might be. This one is from Philip. Philip writes in, he says, can you take a look at Rocket Lab. RKLB is a Turkish symbol. They just launched a high-profile mission for NASA to the moon this morning, and I was expecting to bounce to the upside. And basically, in this equity here, there's very few people that are in a winning position. This is trading at $4.04. Philip, these guys don't make any money. I think they need to charge NASA a bit more out there. And I know a thing or two about NASA is there are slow payers out there, so not good when you're a company that's not making money and you did a project. But with regard to what is this stock doing, we've got the daily, weekly, and monthly charts up on our black background screen. Once you should notice here, first, there's not enough data on the monthly timeframe to generate any kind of task market profiles. But there is on the weekly, and there is on the daily timeframe, and prices below the bottom of both those profiles. Now, the daily might hold support. Support, by the way, would be at $4.07, trading at $4.04. We'll change over to the, well, and there's an A to B equal CD to downside. I think this might take it to zero, though. So here on the weekly base, it's pretty easy to draw this A to B equal CD pattern in here. The A point is going to be the high from back on September of 2021. The B point, the low of January 20, this is just a weekly timeframe, January 24, 2022. The C point would be up on the week of February 7. And that's going to give us a one to one of minus $2.68. So we can't really use the A to B equal CD pattern out here. Let's go change over to our white background chart, see if there's any kind of signal information for you. At this stage here, the weekly has a wave number seven. That's letter G. That's a very small part of the Chapman wave. If you saw a close below that low, that low, by the way, is $3.93. Actually, the ticks below that low, which it hasn't done yet, the ticks below that low, it negates that signal as a potential bottom. You can see out here on a weekly basis, the level that price would need to close above it. In order to suggest there's some kind of movement to the upside, it's going to be that red oscillator and change line. Philip, that is currently printed. This will change. It changes each tick, so to speak. It's $4.61 pennies out here. Now, the daily timeframe, oddly enough, why would it be odd? No, not oddly enough. But what this did here was on the trading day of June 15, this confirmed erodesment and indicator bottom. Now, in order to maintain that bottom, price must continue to close above $3.93. You're at $4.04 right now. It does have a bottom signal out here. What price has been unable to do is close above the top of its profile. The top of its profile, it's a new profile right now, is up at the $4.33 level. That's where you need to see price close above in order to wet your whistle here. I hope that that helps you out. I know you were expecting that, anticipating the launch to be a positive event. It wasn't a positive event as far as shareholders were concerned out there. I do hope that helps you out. Thanks much for taking the time to write in. Satish writes in and says, Steve, could you elaborate your statement yesterday in Tom's show regarding SPI mentioned 2007-2009 timeframe? I can, Satish. What we'll do is I don't have, I don't think I do. Oh, I do. Okay. I didn't think I had that worksheet open. I do have it open. And so I don't have to do this during the break. What I was referring to then, this is a weekly chart. This is for the S&P 500. And you'll just have to confirm for me that this is what you were asking about. And I'm going to go back to the 2007-2009 timeframe. I guess you could always pull up the PowerPoint presentation, but we're just going to the live chart, so to speak. So here, the 2007 top, give me a moment here, occurred right here. So this is the week of October the 12th, back in 2007. And so that was the high. From that high, every countertrend rally. And when I'm looking at here, these numbers represent consecutive closes above the prior close in black numbers, consecutive closes below the prior close to the downside. Those are the red numbers. We're focused right now really on the black numbers out here. And what you will see is there was never a counter trend move where we had three, more than three consecutive, oh, you don't see the chart. Thank you, Mr. Bill. Really? Oh, you don't see the chart. Sorry about that. Sorry about that. I didn't see white charts. I just didn't see it was the wrong set of white charts. Here we go. Here we go. Okay. So now we're back. Now we're back in the saddle again. My apology. We'll start from the beginning. The beginning back here where my crosshair is at, back in October of 2007. So now you can see, we know that that was the high. What you and I are looking for is patterns, right? This show is all about patterns. And just to try to increase our odds with the market is communicating to us. So here we can see that each counter trend move, each counter trend move lasted either two to three consecutive weeks. And then that was it. And price, you know, went lower, maybe went sideways out there. So if we fast forward to where we're at today, we can see that from the high, which was in the S&P 500 was the early part of January out here, we have had two of those counter trend rallies, one that lasted two weeks, one that lasted three weeks. So my thought process was because of the bottoms that we have out there, weekly bottoms, daily bottoms, is that what we should see here is a two to three week counter trend move. Satish, am I answering the question that you were asking about out here? Just, you know, thumbs up yes and no or what have you. If not, then I'll try to have to figure out what else it is I might have been talking about. But this is what I should have been talking about referring to the 2007-2009 timeframe and just simply the typical type rally that we should see out here. And so I hope that that helps answer your question out there. Now, the reason to also still believe that that is a real possibility and remain a real possibility is where that spot follow till next is trading. And as we speak right now, so far we've seen a test and rejection of that 50 day exponential moving average. The spot follow till next, and that's at that 2799 level, we're trading right now at 2785. As long as price can remain below that level, then the S&P 500 should move sideways to higher. Well, how do you know that Stevo sideways to higher because we actually track that. So we take a look at the spot follow till next, which is the bottom of my chart here, draw the 50 day expense moving average on there. Then we can see generally speaking when the prices above or below the 50 day expense moving average, what happens to the S&P 500, the green rectangles, squares, whatever you see out there. Those are periods of time when the spot follow till next is below the 50 day. The yellow ones, I win prices above the 50 day expense moving average out there. So at this stage here at 1.37 in the afternoon satish, what we have is just kind of a normal natural pullback out here using the spot follow till next as one of our guides. And that suggests that we should move higher. We take a look at the New York Stock Exchange, the advanced decline oscillator, it's still above zero. It's moving a bit lower out here. That's actually kind of a potentially a bullish signal. What I mean by that is that with that rally, if we had rallied hard yesterday, rallied hard today, we likely would get that New York Stock Exchange advanced client oscillator up to the 150 level. And that would get us into the certainly the overbought condition and we'd expect a pullback. Now we're getting a pullback out here. That pullback, go ahead, what screen am I in? I'm in the black one. If we take a look at volume, just to get a feel for what the index ETFs are showing us, that would be great if I could actually find here. So volume today so far and spies 45 million shares to the downside. That's going against to the upside 98 million shares. What we have here is a very light volume pullback. The case of the juice out there was 58 million shares to the upside right now where 39 million shares to the downside. We had the juice out of the problem. State roads would see up and in. 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Again, it's the only question now that we've got in the queue out here. This one coming in from LBLB says, hope you're doing well. I am. Thanks so much for hope you're doing well also. Can you look at GTE? We absolutely can. GTE is now named Grand Tierra Energy out there. GTE, give me the technical rundown. If you have time, can you also take a look at URA? So we'll do both here for Lee. Let's go over to our white background charts out there. Oops, I didn't mean to do that. That's for sure. Let's go here. Make sure. So we should be back. Okay. Nope, I've got the black background chart. So that's not what I wanted to do. Change windows. And there we go. So now we've got our white background charts up on our screen. So on the monthly timeframe, that's the left-hand panel, you've got a confirmed TD9 count top. Says white want to take price back to $0.94. Weekly timeframe, you've got a roadstrip indicator top, wave number seven top. That's letter G in price below its weekly profiles. It's suggesting a target of $0.66. By the way, price failed to hold $0.94. 52 pennies is where this would be headed to. The daily timeframe chart says timeout, timeout, timeout guys and gals. I've got a TD9 count bottom and I had a minimum I want to have a countertrend move. That countertrend move should take you to the $139 to $145 level. That may be it based upon what the monthly and weekly charts are telling us. But if price were to close above $0.45, then you could easily make the case that price is going to move to the $178 level. So Lee, monthly chart suggests lower price, $94, $54, $52. Those would be the levels to be looking at. Weekly chart says I want lower price. Its price target is 66 pennies. The daily timeframe says those targets don't come into play, not just yet, not until I have a bit of a countertrend move. And that's going to take us to $139, $145, and above $145, $178 would be the number. So Lee, I hope that helps you out with regard to GTE. Let's go take a URA. Again, this will take about nine to 10 seconds here to populate or thereabouts. And we'll go see what uranium URA is actually doing out here. So come on, come on, get going. I said 10 seconds, you're taking more than 10 seconds, or maybe 10 seconds seems like an eternity when you're doing a radio show. So now we've got uranium up here, or URA. And price on a monthly basis is testing the bottom of its monthly profile. The bottom of its monthly profile is at $2010. Important, but not necessarily on June 28th, more important a couple of days from now. Price closed below that level. The signal would be 1072 would become the target. Price is also trading right now just below the bottom of its weekly profile. We've already had two weeks where price closed below that. This could be week number three. That profile level is $1959 out there. So that would suggest, because I don't see a bottom out here, that if price closed below $1959 at week's end, $1674 becomes a price target. But much like what we took a look at for GTE, the daily chart for uranium says, I want to bounce. Why? It has both a TD9 count, Rosemont and indicator signal. Price is trading with inside a boa structure profile. Yesterday was day one above the center, which if we got a rally that took us above 1960 a day's end, is then going to signal a move back to 2102. And above 2102, you'd be looking at 2208. The pullback price may be targeting its oscillator and change line. That's currently printed at 1923. If price were to close below 1923, that would be necessarily really 1913. I would say that would be a signal to you and I, that price is going to go target that lower swing point. That's the one that formed bar number nine. And that's a swing point from June 23rd out there. So overall, the larger time frames and summary, the monthly and the weekly are suggesting lower price. Lower price being 1674, being 1072. The daily time frame says you might be thinking about lower price, but as of 1.46 in the afternoon, I'm thinking higher price after this little retracement is done. And that higher price should take it to 2102 to 2208 level. So LB, I hope that helps you out. Thanks so much for taking the time to write in. And we'll look forward to speaking to you again. No other request at this moment. So now let's come back and see, well, I know a question in everybody's mind. It's a question in my mind at least. Maybe it's not everybody's mind. Maybe it's just Stevie's mind. And the question is, was that just the extent of the rally? We just had a couple of day rally out there, which is a possibility. And the reason why it is a possibility, we're going to switch charts out here. We're going to go to the black background screens. And why I've got to give that some real serious consideration here is because of, was that right? Give me a moment here, folks. I think this is going to pick up the right thing. It should. Yeah, okay, perfect. So this is the Dow Cash Index. This is the Dow Cash Index. I've taken this back to where, looks like I've taken this back in the 1997 timeframe out here. Now with this shows, this shows us both the horizontal and the diagonal price channels that are in here. And it's really cool. Each of them are equidistant to each other. They're all the same distances out here. So once you establish one set, which is what I've done, and that first set really took place, it looks like to me, that took place between the price level 10, 558 and 79.36. A 10, 558, believe it or not, there have been 186 closes at about that price level. The next highest price level for closes is at 79.36. That difference gives us our equidistant measurements to create those horizontal trading range boundary lines. Now I know that's a mouthful and I said it a little bit slower than normal, just so that I didn't screw it up, but also so that you might be able to pay attention to it as well. Clearly, let me articulate. Now these levels, these horizontal and diagonal levels can really act as support and resistance areas. Well, 315.30 was one of those levels. Now there's only eight closes or opens, co-located opens or closes at that price range. And the rally on Friday took us right up to that level, right up to that horizontal trading range, which also was a diagonal trading range boundary line. Now the diagonal trading range boundary line, that's easily established. I just simply were taking the lows from 2009 against the lows of 2020. And then you can see you've got this nice little range out here from back in the 2015 timeframe when we had a bit of a consolidation. And that set up for me, the top of this price channel out there. Now once I had those established, all I had to do is just simply tell my system to make the next level equal to that price difference, that price range out there. And those are the dash lines out there. Turns out that that dash line worked out pretty well as far as identifying tops out here. And that's the level that price has run into. Now if price can close above 315.30, then that signal would be telling us that price should get back to its recent highs, the recent highs in the 313, 314 level or maybe back to 34152. But if that doesn't happen, what this is telling you and I is that what price wants to do is make a run to 28909. So there is that possibility out there, definitely a possibility. But we have the daily and the weekly bottoms. What do you mean, Stevie? We have the daily and weekly bottoms. So that's a great question. So let's, we'll review, well, we don't, we'll try to review that unless there's a question that comes in because we just, I just realized we're almost towards the end of the show. My how time flies. We're about two to three minutes away from that time period. But we do have the dollars to summarize this that ran into a significant resistance level. That's the horizontal training range. That was at the 315.30. It also was that diagonal level of resistance, which is an actual area for price to pull back or top. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a 7 million ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accreted transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGZ. 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Subscribe to the Fibonacci 24-7 newsletter today, tfnn.com, educating investors. Right now you've got all the US indices trading to the downside. Dow is off 294, S&P 55, Nasdaq went under 277, Russell is down 23, some is off 45, and the chart that I had up on my screen, we're going to go switch to that, daily timeframe chart for each of the equity future contracts on it are both daily and weekly profile levels. Weekly are in yellow, the daily are in that blue color out there. We're right now at an area, we take a look at all four that are at potential levels of support in order to be able to get a turnaround Tuesday going here. What do you mean, Stevie? If we take a look at the ES mini, that's the left-hand panel out here, we can see that price on Friday closed above the top of its profile. That's at $45.53. What price is done, it's moved all the way back down to today's low is 40, what did I say that the top is 45.53. The low today, what the heck is going on there? That's weird. Give me a moment. The low today, okay, let me start that over. That's all I was making sense. The top of the daily profile is 38.41. Today's low is 38.43. Oftentimes, when you break through a level of resistance, price will pull back to test that level to just ensure that old resistance becomes new support. That's the area to watch. Now, if price closes below 38.42 out there, that's going to suggest a lower move. But right now, price is sitting at a key level of support. In the case of the NQ, price has made its way back to the top of a profile level. The top of that profile is 11.716. We've gotten down to 11.738. In the case of the Dow, the Dow has pulled back to the bottom of its weekly profile, which price has been trading above. That's another potential level of support. That is at the 31.030. I take that back. That is the bottom of the weekly profile, not the top. The bottom of the weekly profile, which is 31.038 out there. Again, a potential level of support. If we take a look at the Russell 2000 to finish it off, it is also trading back to the bottom of its weekly profile. That's at the 17.39 level. Today's lows so far, 17.51. We are in a time where we're in a space for each of these equity futures that are near levels of support. Watch those areas out there. If price starts trading below those levels that I gave you, that suggests that we continue to have level. Folks, take two of your favorite polar bears up next. That's David White. After that, tell him, Brian, he'll take us on home. I'll be back with you on a wonderful Wednesday to have a terrific cruise.