 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge now Steve Rhodes Good afternoon folks. Welcome to the November 2nd yet. Terrific Tuesday Addition of today's Trader's Edge show. I'm your host DB 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 need to not make that one little two by four shift Well, it means we can find a gift in every set of circumstance that life is going to toss at us And today you and I we're going to go check on the circumstance of these markets We're going to go figure out what those bulls and bears what those buyers and sellers are communicating To you and I just passed one o'clock in the afternoon. I want you to know I'm absolutely grateful for your presence here, but more important than that and that's this During this next 60 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 get to the phone You can always send me an email send it to steve at tfnn.com and inside that subject heading If you would be kind enough to put radio show question, of course in our tigers den Well, any 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 roge. Welcome to less show right now a mixed bag out here Not that mixed you got the dow up 150 the s&p about 20 the nasdaq 60 the semi the russles off five Semis are up 33 trannies 958 points. It was up like 1700 points. I think earlier on the day Big move out there six percent still the upside Gold is uh, let's go do it down six bucks straight to 1789 silver off 58 cents That's the big silver busting through a key level of sport the bottom of its daily profile We'll take a look at that. I'm sure during the show lights. We crude off 46 pennies trade out 83 59 lead the charge to the upside How about avis budget group? Right now it's up 95 percent. It was up. I don't know a couple hundred percent or so early went from 332 to about 550 or 600 somewhere around there, right? Not 332. It was from a buck About a buck 60 to 560. I mean just insane stuff out there But any event that's trading higher micro strategy also 92 bucks or 12 percent of risk to networks 20 82 bucks rogerskorp 62 30 percent may under some big movers shakers as well The shakers is surge pays apparently doesn't pay that well. It's off 93 percent down 46 bucks That is a stinger because that means a close last night at about 49 or 50 bucks right now It's trading at three. Oh tesla a 47 dollars trained 11 60 booking holdings down 43 similar scientific off 27 percent So there are 46 percent to the downside for idex laboratories. My goodness. We have some movers and some shakers We do have one question. That's in let's get to this real quickly. Now. We'll go to the general markets out here This one from david in tom ball, texas. Well Uh, and david wants to take a look at trtn trtn. Let's get to his question Happy taco tuesday all you beat you beat hector and the fuel injectors on that one So back at you you're looking for a buy point in a triton international again That's trtn folks if you're following along at home time This is a shipping container company that engaged in the acquisition leasing releasing and sale of various types of Intermodal containers to shipping lines and freight companies. Thanks for your analysis. No problem. Let's go take a look at it So here's what we know right now Price above all profiles. Uh, you're up at new all-time higher. You made a new all-time higher earlier in the day And that was up to the 63 67 level. So What david really wants to know is do we see any kind of a topping signal out here? And if so where my price pulled back to so let's start with the daily time frame The daily time frame chart would show nothing just yet, but there is an a to b equal cd pattern Let's go back to the daily time frame the black background charts I should say and we'll show you that pattern out here So the one that i'm looking at the a to b equal cd pattern Begins with the low on the trading day of september 20th The b point out here that I would use is the high from october 15th A one-day retracement into the low on the following session That was the 18th and now you can see that price is attained more than the one to one level So price might be targeting might be targeting the 6407 area The reason I bring this to your attention here david is that what you're looking for in the a to b equal cd pattern Is some type of bearish reversal candles price approaches those price projection targetaries the 1 1.272 expansion 618 expansion And we don't have that just yet What we do know is this has got a strong momentum move to the upside because there was a td9 count top that lasted For one single day, then it was taken out with a wide-ranging bar, but if we do get a top here What price should do at that stage? Let's pull back and test that oscillator and change line That's currently printed at 60 15 I'm not saying 60 15 is the entry price because we need to get a top first out here And we really don't have that signal as we speak just yet Let's look at the weekly chart So the pattern you're looking for there is some type of bearish reversal candle And then they move back to the oscillator and changeline again currently printed at 60 16 the weekly time frame chart out here Looks good. Yeah, it's triggered erosement to indicator signal, but that would require a bearish reversal candle That's not in the cards as we speak. So this suggests that it wants to move higher That's the weekly chart the monthly chart also triggered erosement to indicator signal But price looks like uh, did it do it last month the high that i'm looking at for its td9 count top was at 61 88 the close last month was 62 19 it has negated that pattern. You can see the large a to b equal cd pattern that is out here As well, but so david, I think what you're gonna have to do I know what you're gonna. Well, you can either trade this as a momentum move I don't think you're that type of trader out there, but maybe you are uh and instead wait for the top to form Right now the only signal that I see would be a sell the d-point We don't have that just yet and then let's look at the pull back towards the oscillator and changeline And some type of bottoming signal in a short term time frame chart such as a 30 minute Now we take a look at the 30 minute chart here. You've got a td9 count top that forms Even though you see the td9 count bottom It's not a valid signal because the low is not on bars eight nine or the bar following nine out there That doesn't mean that it can't bottom because all price was really doing was pulling back on a 30 minute chart To its td9 breakout level. So this would be another so if you're an aggressive type trader david and you're looking To enter this route then what you'd want to do is look at those breakout levels on your short term time frame chart So it was 61 97 on the daily at about 10 o'clock this morning. It got down to 6206 That's really not too shabby out there 65 minute chart as I take a look at it It's got a topping signal supported 61 80 out there. I think just be patient Just be patient. So the intraday charts are showing some topping signals No levels of support that have broken out there, but I would just be patient. So it's not the labor triton international trtn That was for david in tom ball, texas. Now, no other questions. I've got in the queue just yet So let's go take a look at the general markets as best as we can. What do you mean as best as we can? Well, everything well here. Let's start by taking a look at this set of charts The yellow lines those represented the td9 threshold resistance levels once you close above those The gates the pattern says we're moving higher And the and so that occurred yesterday the last holdouts were the dowl and the russell 2000 They did that yesterday in fact the russell 2000 broke above the top of its consolidation So the question is if this is a true breakout here And there's no reason for us at this stage of the game to think that there's not we do have to have caution Always have caution out here But as we take a look at where his price likely headed Well, if we just look at the consolidation measured move price objectives inside the es mini That would take us to the 48 23 area Just call it 48 30 inside the nq the nasdaq you're looking at 16 9 28. Let's just call it 16 9 50 The dowl 37 365. Let's call 37 500 and 25 will call it 80 inside the russell 2000 But the russell's got a close above 23 57 50. We'll be right back Steve road 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 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 What's separating you from the most successful men and women on wall street? That's right Information having all the information gives us the perspective we need to place the right trades at the right time The task profile scanner is the premier market profile based scanner Powered by its acclaimed task proprietary algorithms This feature rich scanner instantly filters over 2500 plus global financial markets such as stocks ETFs commodities futures and forex This powerful suite of tools Leverages instant trade filtering and strategy formulation to show you emerging trades Before they happen for a limited time You can save $100 off your first month by using the promo code upgrade And you still get a 30-day money back guarantee So you have nothing to risk Level the playing field with the task profile scanner which you can find under the services tab at tfnn.com Sign up today Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors Toll free at 1-877-927-6648 internationally at 727-873-7618 And speak with ron ron. Thanks for calling. Thanks for holding me. Thank you for taking the call I was just wondering if I could uh if you had any comments about the russell 2000 and the iwm I was thinking maybe if there's a time or when to either sell calls or buy puts I just wondered what your thoughts were and what my danger zone would be if I did that Sure, so let's just take a look at the iwm first. We'll go take a look at the equity future contract Uh, actually start with the equity future contract because it was the last thing that I said as we went into the break And that last thing was That what the russell 2000 equity future contract needs to do is close above 23 57 50 So 23 57 50 ron is the high That takes us back to give me the trading date here momentarily uh march 15 2021 And that's the only resistance level in essence that is left out here If in fact the russell can do that then the signal as long as this is a real breakout There's nothing to indicate that it's not would be signaling to us that it would over time make a move to the 25 78 level So that's russell 2000 if we go take a look at the iwm out here We're going to see something uh similar and what I mean by that is we look at the weekly top of its profile ron That's at 233 64 we're 233 75 So it needs to close above 233 64 on friday to suggest a uh confirmed breakout to the upside Well at 234 53, that's the top of the monthly profile And so even though we've just begun the month The real resistance zone here isn't at 234 53 area any questions so far about what we've taken a look at No, no, it sounds very clearly coherent what you're saying Okay, perfect. So now let's take Yeah, okay. Well, I just Is uh So I should just wait to see if they can get to those resistance levels and get over that or not Uh, I mean, I think it was you when would you say well, it's Time to get in it looks like it's not gonna get above that Well, I you know, I I wish I had that answer for you And I know you'd like I know you'd like me to give you that answer But but uh, but you know I have to be realistic. I don't um, so and it's a great question and So there are a couple things in the market right now that give us pause And and so let's just take a look at that. All right And so you can see what I'm let's see It's about the only thing that I've really been able to find out here and that is that whoops down here That is that even though the spot ball of tunics is trading a little bit lower today It still has a rising bottoms pattern. That is the very bottom right that we're taking a look at And uh, and that always says caution you can see other time periods where I've identified those in the very Bottom of the chart now what I want you to know is that Any kind of retracement or pullback is relatively muted with this pattern until The spot ball of tunics closes above the 50 day expense will be never it's currently that's priced in at 1799 But this is the only chart out here that gives us pause if we take a look at the history behind it There's there's reason for that. So that's the first thing. Let me uh, let me Take you over to another set of charts out here. This is the other piece of the puzzle that is a bit Concerned only from the standpoint of that we should see a pullback So I'm what I'm trying to do is help you and others Understand that if we do see a pullback that that would be normal at this stage here And that don't get too caught up on the short side In fact, look at it as possibly being a buying opportunity. Here's what I mean by that So I'm going to change screens for us. We're going to go over to my white background charts Where let's take a look at the four daily equity future contracts out here So run when this oscillator and change line changes color So in this case here, I'm looking at the yes many fact I'm just going to expand out the chart that way We're only looking at one one tool out here or one instrument when it changes from red to green That tells us tells me that the price oscillator is right at zero Now typically when that happens over the coming sessions we see price in that level Meet each other that has not unfolded just yet Granted it's gone on for now about two and a half weeks out here But I'm still expecting that we will see that move the questions when when does that happen? And I don't have a signal if that's ready to happen as we speak right now But that's the caution side So I would expect that if the new york stock exchange at rising price oscillator is going to take hold out here We should see some kind of retracement back to now I'm going to go ahead and put this so we can see all four equity future contracts We have the exact same pattern inside the nq. That's the upper right And the dow really in the lower left the russell 2000 is the world of its own So we really should see that kind of a pullback around and if price pulls back there Tests and rejects that line. That's the time to get in somebody in the den said Who's putting new money to work at highs for long-term or media term trading? Well, I would respond by if we get price to pull back to those levels That's a level of support then everybody should be putting long-term money to work again on the move up And the reason is is because we are in the favorable seasonal cycle That runs through the beginning or the end of january and We have a consolidation measured move breakout that's going on that takes us back to the first Set of charts that we took a look at well as soon as I get there this and so So that's what uh, so So to summarize it rod I don't have any clear Identifiable topping pattern out here But we should see price pull back to los asa turn change lines The only chart out there that is suggesting that might happen is the uh rising Spot volatility rising bottoms in the spot volatility index. So I think you just have to be patient um If you're looking does that Yeah, that clears up a lot. So you're if you did see some you see a pullback, but you don't see a catastrophic drop There's not a signal that I've got out here right now to suggest that in fact It's really just the opposite now if you take a look at this set of charts that we're taking a look at the dow in the lower left Once you break above a consolidation the ideal pattern Uh, and this was taught to us by bud ralph's way back when the ideal pattern is price would come back and retest The top of the consolidation or broke out. Well, the dow did that and the uh, es mini. That's the upper right hand chart We haven't gotten that move inside the nq. Maybe we do maybe we don't I don't know We're actually getting that kind of move inside the russell 2000 today So the the slight pullback that we've had is really to retest the top of that Consolidation area, but still it needs to close above 23 57 50 out there. So, um, I mean, I like to be You know, I have conviction behind what it is that I say when I do say it But it's that set of four charts that we looked at the change in color in the oscillator and change line If we do see a pullback It should not be a surprise to anybody that's listening and that and what I am saying though that maybe would be a surprise to people That is not the end of this move That is not the end of this move to the move to to the upside Okay, great. Thank you again for your comments. Sure. Sure appreciate it You bet Ron always good to speak to you. Thanks so much for calling in and uh, and uh, we'll look forward to speaking to you again soon Okay, thank you. You bet that was Ron in Denver and so that really kind of helped So it's called really kind of helped to take a look at the overview out there Now if we go take a look at each of the equity future contracts here Just for example, here's the es mini you can see that you've got breakout city because prices above the top of all of the profiles No, when I say all I'm speaking daily weekly monthly And quarterly and when we get some other kind of signal changes out here, then we will change our tune But not until then so a key level for everybody watch for example in the es mini should we get some type of pullback 4563 was the oscillator and change line 4590 is the top of the daily profile But if price gets back to that 4563 area Or really whatever the oscillator and change line is printing at that time There's a test rejection in the favorable seasonal cycle that says move to the upside Steve Rhodes with tfnn would be back in just a few minutes You having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com The tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers as they share trading ideas News analysis and discuss the market act in all trading day Subscribe to the tiger's den risk-free with our 30-day money back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30-day money back guarantee for new subscribers As well as tfnn's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on tfnn.com or tfnn's youtube channel for live financial content From 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor you were born to be tfnn educating investors tfnn is excited about our new software charting program the art of timing the trade charts 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 guardleaf abc's 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 Inside the tiger's den. Let's take a look at the jazz pharmaceuticals. J a z z is the ticker symbol now I love the I love that The the ticker symbol because back in the day my early days the 18 19 20 21 time frame I had a license plate. There was this radio station in In the detroit area called w j z z. I believe that was it and I loved I love jazz still do and So my license plate was jazzy and the number one out there So I've always liked jazz pharmaceuticals But what's interesting here is several weeks back maybe two three four weeks back I got some nice bottoming signals inside of mj the alternative harvest for the pot stocks out there So we went ahead and took a long position and I had not looked at the details Of mj for quite some time and I was and when it wasn't behaving that was mj when it wasn't behaving the way that That I thought it should because I was taking a look at a couple of the actual pot stocks like a Aurora cannabis and and something else out there So I went and actually looked at all of the current instruments that were in there and lo and behold there is a lot of Stuff Yeah, you know the other word that I was going to use there is a lot of stuff that You've got to really stretch yourself to say that it is related to pot stocks now Unless jazz pharmaceuticals has just gone all pot crazy, which I don't believe that it has It's one of the stocks that are in Uh, um mj. So I I made that mistake And and uh, well, I did I went back and took a look at all the instruments Inside there put them up on the screen and said this is not an instrument for us to be involved with That was mj. So we closed off that position a very small loss out there But it's really important the reason I just simply share this it really is important to understand inside those etfs Especially a smaller one like mj as to what's going on and what instruments they might be adding Into this so jazz pharmaceuticals happens to be a part of it But back to satish's question, which is where is there an entry point? So as we take a look at jazz here Couple things that we don't like price is below the bottom of its daily Structured profile did that about a week ago that area is resistant. So 136 70 Forget about a buy point right now. We'll get to that or we'll try to get to that But we know that there's resistance at 136 70 to 139 55 it can close above 139 55 Back on its way to 146 66. That's not the message right now But those would be the levels to be watching the weekly time frame prices below the bottom of its weekly profile closed below last week A second close would say hey at least go back and revisit the lows out there So those lows satish satish one place to look at will be the lows from october 5th That low went from 120 601 to 129 16 and it volume about 1.1 million if it moves back in that level Test it and reject it with lighter volume either the top or the bottom of that swing point out there less than 1.1 Million shares that might be an entry area into this I said might be if we take a look at the monthly time frame chart last month the month before the month before that three consecutive closes below the bottom of that profile 135 11 So basically if we take a look at just simply profile Information jazz pharmaceuticals has got some big problems going on here satish From a profile standpoint now. Let's go back and take a look at the white background chart See what other stevy signals we've got so one of those signals is what price is also finding Resistance at its oscillator and change line no bottoming signal here just yet So without a bottoming signal very tough for me to tell you where it is to go ahead and take a trade here Other than what we looked at which was that october at this swing point But with price trained below the oscillator and change line below the bottom of its daily profile That's a reasonable thing to assume at this stage of the game Let's look at the weekly chart out here The weekly chart does show a nice rogement indicator bottom That was generated with a bull sash candle out here And what price was unable to do is get above the top of its profile So this is also suggesting to us that price might pull back like we talked about earlier to test that swing point And on the monthly time frame chart out here What is stevy got not much. It says that price could pull back to 103 46 So we got 103 46 is a possibility. We've got the lows the prior lows out here, which would take us to 126 So one What I think we'd really want to do is is price is moving down to those levels Is look to the short term time frame charts and see if we can find some type of bottoming signal out there But with price below the profile levels like we looked at without seeing any kind of bottoming signal on the daily time frame I think with regard to jazz pharmaceuticals You just need to be patient on this one and again The only thing that sticks out to me is the likelihood that price would go back and retest that swing point From october 5th. Now, I don't recall where jazz pharmaceuticals was in the waiting inside of the mj My recollection was it wasn't on my first page Just you know, but but it was on my second page and I just tried to do things in weighted order out there But if you are in mj, which is not let's go take a look at mjab and looked at it for a bit Maybe I'm really off base here and it's performing well What does stevy know but let's go take a look at the and well I got to actually type in the correct symbol So what we're about to experience here is is there a m and j Symbol out there and I think the answer is no So let me see if I can actually type in mj. There we go We're talking, you know, michael jordan here. We should be able to type that and there we go So now let's go take a look at mj just for the heck of it Um We're going to try to as soon as it populates here. So let's bring over. This is the alternative harvest etf out here No, this generated yesterday. This generated a rogement demindicator bottom signal out here But I would you know anybody's trained below the profiles kind of like we just looked at a jazz pharmaceuticals Although jazz didn't have a bottoming signal out there But still below those profile levels is a dangerous thing at this stage of the game the monthly chart here as we take a look at it And negated this is mj and negated its td9 count bottom and it did that last week And this suggests that price is going to make its way back to the 10 51 level. That is where most recently broke out Now you can also see though It's oscillator and changeline. That's on a weekly basis change colors So we should see price net level test each other at some point in time out here if we take a look at the monthly chart gwph was pot related research takeover by jazz. Okay But get this I thank you satish appreciate that all that i'm saying i wasn't aware of that But just if you go pull up all of the instruments inside of mj There's a lot of stuff that you've got to kind of to stretch to say, okay That is marijuana related out there. So i'm just sharing that information with you I can tell you that when I put up the actual charts I looked at it real closely and immediately sent out a update to subscribers and said, you know In essence, we didn't invest what I thought we were investing in so, you know If we want to invest in in the medical marijuana side, maybe we'll just do individual stocks versus mj out there. So In any event, um, that's what that's what's going on. So I hope that that helps you out And it probably doesn't but I wish that I had more information for you So no other questions in the queue. I don't believe I've got anything inside the tiger's den But if you would like me to look at something, please go ahead and post that in there and we'll be happy to do so in the meantime What do we want to go take a look at? Let me just take a quick look at this market update chart See if there's anything worth taking a look at. Okay. Dan. Let's take a look at his favorite stock out there S a v a that is a sava and Jesus Louise Okay Well, let me get it going on my three time frame charts Apparently, I have fat finger Tuesday because every time I type something in I didn't even type it in correctly here Sva. Hey, by the way, Dan, if you were wondering if you get tired trading s a v a you can just go take a look at sva That's an instrument out here But let's try to get to actual sava or kusava, which is the actual name kusava sciences So a nice move today, Dan and price to run it right up into resistance But you probably knew that and resistance is the top of its daily profile So if this thing is going to break out change its trend so to speak You'll see it close above the top of that daily profile. That's price of 53 27 if you get that look at 56 51 to be the next movement above that 7401 but right now sava running right smack dab into those sellers Right at the 53 27 level Steve roger tfm will be right back Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. Petersburg tampa and clear water markets tiger real estate LLC is a firm that has extensive experience in the tampa bay area Whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers Make the most informed decisions across all price levels from the price You should be paying per square foot in certain up and coming areas to the type of cash flow Investment properties are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future call tiger real estate LLC today at 727-329-83222 Or email us at tiger at tfnn.com that's 727-329-83222 call us today The technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David white's investment newsletter the technology insider Is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only $37 and 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30-day money back guarantee tfnn 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 labu or labd Directions daily s and p biotech three times bull and bear etfs Visit direction investments dot 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 eight six six four seven six seven five two three 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 Welcome back folks. You got the nasdaq 139 points. The composite is up just 15 Relatively flat out there, but I want to go ahead and take a look at the dax out here Dax has been performing pretty well. In fact next to the u.s. Markets the german markets have been Performing You know not not too not too bad out here now what the dax has done is it has generated an a to b equal cd pattern to the upside So I'm going to just show you what that looks like and and the Nasdaq and the dax are somewhat correlated not for reasons that I understand but they just simply aren't so what I just simply wanted to Share with you is we have a confirmed a to b equal cd to the upside inside of the dax now What price first needs to do is take out its all-time high and that's going to take back to august 13 2021 So the next resistance level in the dax is going to be at 16 0 30 You're trading right now at 15 9 54 and the price can clear the 16 0 30 Level then what we're looking at is a move to 16 457 16 7 19 And so the reason to share this with you is because when we take a look at the u.s. Markets and the fact they're moving higher out here And we're in that favorable seasonal cycle. We're just getting in complimentary messages really across the board out here So And the footsie the footsie. Let me get that that too has an a well It's a to b equal cd is not as large as the dax pattern is But uh, and so back in and so we with regard to the nasdaq other than the consolidation Breakout level out here if we take a look at its forward time frames prices up above its daily weekly Monthly quarterly profiles out here. The only a to b equal cd pattern. Oh, oh, there is a new profile Okay, that is attempting to form, but I don't if we close where we do so just take a look at the If we close where we do so I'll just expand this chart So I've got steve's advanced Doppler tool on this said this is my My synthetic version of the of the nq so that I can stitch together a lot of daily information And what it does is what it provides me with a lot of great profile information Second it gives me the early warning indicator. So there's a new profile that's attempting to form in the nq I won't have a confirmation on it until this evening 601 to be exact Or just past six I should say but right now the top of that box is at 15 9 14 and prices trading above that level We're trading at 15 9 38 so Several times during the day this profile has shown up if I hit my refresh button right now What is the subway commercial reset refresh or something like that? When this populates that profile probably isn't there, but it may form that was bullish in structure And a reason to To to bring that to your attention was to try. Yeah, so it's not there as we speak right now But I do know that a new profile is attempting to form out here But now as I just simply reduce this we take a look at the daily weekly monthly time frames You know the question is where is price set it to another than The consolidation measured moves the only other thing that I would come up with sure There's large a to b equal cds out here. It's just expansion of swing points out there So Fibonacci expansion of swing points. So let me make sure I've got that So if we take a look at the expansion that would be from a high down to a low out here So low that we're looking at is a week about October 4th So the 1.272 expansion of that is at uh 16 0 63 16 0 63 and The 1.618 expansion inside the ankylos pulled this down is at 16 5 25 So those would be additional levels on top of the consolidation measured move areas that you and I have taken a look at But if we look at uh, just quickly here, just make sure in the dow the ym price above all profile levels inside the rustle 2000 Yeah prices above all profiles except for the monthly Which I think we took a look at and that's up at the 23 57 50 level So a close above that is going to generate a bullish type move out here We have a request inside the tiger's den and that is from george and tampi wants to take a look at jp morgan So absolutely let's go over to our three timeframes out here See what jpm is doing and jp morgan right now trading out at 170 65 170 65 keeps it with inside its daily profile The bottom of which is 165 0 2. This is this is a slightly bearish structured profile So a price did close below 170 31 george would be signaling a potential move back to 165 0 2 Prices above the weekly and the uh monthly profiles out there So let's go see if we can see any kind of topping signals on stevie's white background chart So as we open this box up We're looking at the daily time frame and the daily time frame doesn't have anything does not have a topping signal What it does show us is that price is just consolidating george With inside that profile now prices below that oscillator and change line. That's the green line of 17109 The way that you would trade that is if there's a close above that that that will tell you that uh jp morgan Is going to go target the top of the daily profile 172 96 as long as price remains below the oscillator and change line That's a signal of a further retracement now that retracement could be just back to the swing point out here from october 27th Or it could be moved down to the 165 0 2 level out there That's what the daily time frame chart is communicating to us the weekly time frame chart shows that what Uh does not have a topping pattern at price right now pulling back and testing support That is the weekly oscillator and change line. So this continues to look good So it's really all about the daily chart here the monthly time frame chart for jp morgan last month took out negated Is td9 count top so that is a bullish thing So we come back to jp morgan is pretty simple out here as we went through all those time frame charts there george It boils down to the weekly and right now the signals are kind of neutral no topping pattern But again consolidating with inside that daily profile So hope that helps you out with regard to what jp morgan is doing the battlegrounds that you're going to watch for Because of price able to overcome those battlegrounds. It's up up and away for jp morgan Let me see if we've got any other requests out here going into We do not so i've been a quiet day on the phone lines I believe i've taken care of everything inside the tiger's done But please folks So we've got a couple minutes during this segment a couple minutes during the last one If you have something you want me to take a look at more than happy to do so Lights we crude I know there's a lot of folks that are trading that thinking that there might be a top in place out here So let's just go take a look at the lights we crude charts out here. We'll do that our four panel set of charts Give you a better view of lights we crude and here what you can see now I believe there is what i'm going to i'm not i'm not going to believe i'm going to give you the actual input the actual answer Momentarily and that is what type of top if any is there for lights we crude So i just want to take a quick peek here on my daily time frame chart and uh, wow you can Yeah, so this had a roadsman to indicator topping pattern That formed it was formed back here on the trading day of october 15th But the bearish reversal candle this is bear sash candle back on october 1st That's why i understand that these profiles are so important whenever you get a top signal or a bottom signal In this case here is the top all you're expected is price to pull back to test support if a break support Tells us we might have a change in trend in this case here all lights we crude does what did was test support 81 24 the bottom of that profile now all we have is a consolidation So the signal here with price trading inside the profile Is really neutral you got the valid top that's in place price just consolidating you also have resistance You can see there is a new weekly profile that formed and that's up at 85 41. That's a resistance level so in order for Lights we crude to be honest merry way to the upside the actual level that it really needs to close above Is going to be 90 dollars and 86 cents and if we see that that's going to be even more pain At the pumps out there, but right now you just got a consolidation sideways You can also see how price held its rising trend lines on the daily timeframe Mike k wants to take a look at ppl t I believe that is platinum So let's get that up on the screen here just for a moment before we go to break out here ppl t p ppl t Well, that's the etf of platinum And right now just to consolidate with inside its daily profile support at 96 40 resistance 99 29 mike We'll get back to this break. We'll go look at platinum for you. We'll be right back Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you Make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be 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 basal 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 and stock prices Get the opening call newsletter by basal 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 Are you looking for a secured investment? Which pays you on a monthly basis the target first mortgage program Maybe the program for you the best rate on a five-year cd in the country right now According to bankrate.com is paying one percent per year or $1,000 per 100,000 invested The target first mortgage program pays seven percent per year paid monthly on secured high value Buildable properties in st. Petersburg, florida the investment is for four years paying seven percent per year or $7,000 per 100,000 invested Your investment is secured by high value real estate in st. Petersburg, florida Your investment can be anywhere from 100,000 to 500,000 Do you want to make 1,000 per year on 100,000 invested or 7,000 per year on a secured tiger first mortgage? The tiger first mortgage program may be just the program for you The tiger first mortgage program pays seven percent per year paid monthly for more information You can call 877-518-9190. That's 877-518-9190 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 We've got a january platinum futures contract up on the screen here. This is for my k in the tiger's den and And here you can clearly see resistance So you had the top of the daily profile had a nice wide-ranging bar yesterday Remember we were looking at the sabba just a few minutes ago with dan When taking a look at the top of that profile the importance of price really closing above that. Well, yesterday's close Was 1068 30 top of the profile 1068 30 cents on a thousand dollar instrument is not exactly a break on on top of that Look at all those descending trend lines that we've got there Now it doesn't mean that it just that is the battleground out here for platinum very clear support It's got a rising trend line Bullet structure daily profile I don't know if inside pplt And like I don't know what pplt holds If it holds the january future contract if it holds something else I just don't know but with regard to platinum really trading between support and resistance out here It's in the cone of silence so to speak I know you also want to take a look at Umg but really all we need to do is go back here to our market update chart And if you take a look at I'll just expand out the chart So do we have a bottom signal as the natural gas the december contract? Was forming what appears to be a bottom the answer is no what we do have Is a test of a prior swing point that was a swing point from october 19th But more important than that we had a bullet structure profile The bullet structure profile tells us that the buyers reside between 519 and 531 What a price do yesterday came back and test that level and now price is above that level above the center of that profile Mike and that's at 531 So what we typically see when price can close above the center of a bullet structure profile is we typically see price make a move higher That says umg should continue to move higher where natural gas would be targeted as a six dollar and 28 cent level What does that relate to inside of uh Of the umg I don't know but really you should always be paying attention to the contracts and maybe more than the december contract Inside of the umg so you have to take a look at that as well But uh natural gas should continue higher based upon just simply holding that bullet structure profile Folks stay tuned. You've got two more great hours. Your favorite polar bear david whites up next tom o bryan He'll take us on home. I'll be back with you on wonderful wednesday. Have a terrific