 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 October 26th, the terrific Tuesday edition of today's Trader's Edge show. I'm your host, Steve. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Let's make sure we have an extraordinary one. The easiest way to do that is to always remember that life is happening for us, not to us. That's right. We do not make that one little two-by-four shift. It means we can find the 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'll 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. The more important than that, 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 877-927-6648. If you can't get to the phone, we've got you covered. Go ahead, let those fingers do the walking. Rifle off an email, Steve, at tfn.com. Inside the subject heading, please put radio show question. And if you're in our Tigers stand, well, any ping will do. So let's go ahead and get this show started on a terrific Tuesday. Of course, this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to the show. Now we've got a mixed bag out here. You've got the Dow up 52, S&P up 12, Nasdaq 149, Russell's off 9, Semi's are flat. Trendy's up 149. We're going to go make hay of this hay out here. You've got gold off 14 bucks. Trended 1792 silver at 2410. That's off 50 cents. Lights recruit up a buck. 84.75 is the print there. Lead the charge dollar-wise to the upside. You've got Amazon up 46, Google up 38. Med pace holdings up 25. S&P global 19. Ariston Network's up 18. To the downside, Shopify 58 points 4%. Lockheed Martin down 12.5%. 47 bucks. World acceptance score 44 bucks 21%. Upstart holdings 43 bucks. 12% Chipotle down 1.5%. That is 27 buck runes. So we've got a question inside the den. What are your NQES support levels on a pullback intraday? And that's from John. And we're going to go take a look at each of the equity future contracts out here. So let's begin with the NQ. Now, before we begin, well, I'm not going to pin in, but it's changed tabs here. And what I'm going to do is, well, actually, let's do this. Let's come to this set of panel here. So now we're just entirely focused on the NQ. So on the upper left, you've got the daily NQ. The upper right, you've got the weekly. You've got the monthly. In the lower left, you've got the quarterly. In the lower right. So here's what we know right now with regard to profile levels, prices trade above the top of all profile levels, daily, weekly, monthly, quarterly. That's just simply a bullish indication. Simple as that. So the first level of support that John is really asking about, what are the key levels of support on a pullback intraday, even though we're not looking at intraday type of timeframe charts, it's still going to be the top of that daily profile, 15, 480, 375. I don't know if the Russell, no, I don't think the Russell generated its profile yesterday. No, it does not. So the only equity future contract with a daily profile that's anywhere near price right now comes from the NQ. So the NQ is really the place for us to focus on for a potential top out here. So the first thing that needs to happen is price would need to get back below 15, 480, 375. What happens if it does that? Well, then you'd be looking at 15, 305 to 15, 301. 15, 301 happens to be the top of that weekly profile. If the move lower is just a counter-trend move, then what we should see is price find support at 15, 102 to 15, 126. 15, 102 is the center of its weekly profile, and 15, 126 is the bottom of its daily profile. So even those aren't the intraday signals out there. These are important levels to be watching. So now let's go from the NQ here. Let's go take a look and see what's going on from a profile standpoint. And let's just pull. Now, this is my 30-minute tool. And let me switch this from the S&P. Just want to see what the current status is of market breadth. So the market breadth on the 30-minute timeframe just had a bullish crossover. Oh, I take that back. So it's still in bearish crossover mode out here. That's on the 30-minute. That's the only timeframe as we speak right now that has any kind of, and let me just prove that to you, that has any kind of, and we'll go take a look at the 30-minute. So what we want to understand there is where's the next level of 30-minute support. But here is the NASDAQ. And you can see for the 60, 240 daily and weekly, all of those are still in bullish configurations, which is why we need to see some of these key levels of support fail to suggest that perhaps there is some kind of a top out there. So now let's switch over to our intraday, our eight-panel charts out here. Give me just a moment to do that. Hopefully we grab the correct screen. And here you're going to see in the upper left, the monthly timeframe for the NQ. We know it's got a TD9 count top, but price has just been trading sideways by holding that green oscillator and change line. Its signal is neutral to bullish. We've got a Roadsman Dominicator top inside the NQ. So not until that gets taken out, it's all time high. On a weekly basis, close above that, will we have a full breakout message? We are in bar number nine of a TD9 count. We have an A to B equal CD to the upside. Let me just expand out the daily timeframe chart for us. Let's get rid of the A to B equal CD to the downside out here. Let's get rid of that. And I don't think I have to draw that pattern in for you. Instead, what you're just really focused on is whether or not we're going to get some type of bearish reversal candle. Now, you can see that today should become bar number nine of a TD9 count. The only way that doesn't happen is if we see the NQ give it up, and by give it up, I mean close below the level of 15, 357, 75. Not likely to happen? Could happen. What would be more ideal though, out here, is look, either one of these, the A to B equal CD pattern or the TD9 count, both are valid topping signals out here. You'd just like to see both of them confirm at the same time. And then, and I don't know that we can really get that today, what I was going to say is when I say I don't know that we can get that today is that bearish shooting start candle. That's the likely bearish candle that would form. Because if price closes below the top of that daily profile, that will not end up being a shoot, or is likely not going to end up being a shooting start candle out here. So what we also want to notice is that you can see that oscillator and change line went from red to green. And if price just pulls back to test that and rejects it, that tells us we go all the way back to the highs, and since we're in this favorable seasonal cycle, maybe what it's telling us is much, much more than that. So as we take a look at the other intraday charts out here, John was asking for the answer to your question. I believe that you are looking for is going to be 15, 451. And you'll see 15, 451 under 30 minute, the 60 minute, and the 120 minute timeframe. Now the only one of those intraday timeframes, you know, look, there's so many, there's A to B equal CD patterns that I could draw out here. So the only one that's got a TD9 count top is the 120 minute timeframe. And so that makes that 15, 451 level real key. You can see how prices pulled back to test support at 120 minute timeframe, the 15, 515 level. So price has to close below that. If it does, then you're looking at 15, 451. And I would say if we get it closed below 15, 451, it's signaling a short-term change in trend. And the pattern that we would be using there at that stage would likely be that TD9 count. So that's what we're looking at. You can see the other intraday timeframes out here, but it's really 15, 451. That is the key. Now if we take a look at the other futures contracts out here, let's just go take a look at the ES mini. We've only got about 10, 15 seconds to do this. But here you can see the TD9 count top on the daily. It too could form a bearish shooting star candle. But as far as where support is at, shoot, that's all the way down at 43.87 from a profile standpoint. Support, really 44.92. Stevie's oscillator unchanged line. We'll be right back folks. Steve Rhodes started his trading career as a student almost 20 years ago. And the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at 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. 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Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN Educating Investors Call now. Toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks. I forgot to tell you guys about a story, a cool story that took place over the weekend to a real nice couple, some friends of ours. It's the woman that cuts my wife's hair, has been doing that forever. Very young couple. I say young, they've got seven kids, but still a young couple, and she had come up with an idea, a couple of years ago. And her idea was this hand-held flask that would be covered up, in essence, with bouquet-type flowers that could be used at bridal parties. And when they ran that concept past me for some funding or what have you, I was kind of like, hey, it's such a niche market. I just don't see it. Well, that event, she's a very aggressive girl, Kelly, which is a good thing out there. And she actually got an appointment with Shark Tank. And then they had some issues during COVID and had to be rescheduled. So it was shot recently during the season. And Friday was their show segment. So they threw a party. Luckily, I was able to get back in time to go to that. And so we knew they were having a party. We knew they had gotten funding, but we just didn't know what it was. It's called flasky flowers, if you want to go ahead and take a look at it online. In any event, they got three sharks. Not just one. They got three of them. Lori, they got Kevin O'Leary, and they got, what's the other guy, basketball guy, you know who I'm referring to out there. But they got three sharks, which is really cool. Not a bunch of funding. They just were looking for, I think they were only looking for 50,000 maybe. They got 75 from it. And each one only took 10%. So it was really a cool experience to see and to see that come about. So anyways, it's one to share that with you. So now let's get back to the ESMini out here. And so as we take a look at the ESMini, much like the N-Cube, we can see right now that prices trade above all their profile levels. Now when I say all, I'm referring to daily, weekly, monthly, and quarterly time frames. Now, the only profile that price is just above by a smidgen is on the monthly time frame. So the level to be watching there, it's resistance. It is going to be 45, 40. So if there's going to be some kind of top inside the market, we're going to need to see some kind of top inside the market. We're going to need to see the ESMini get below that level. Now potential for a bearish shooting star candle inside the ESMini, we really won't know until the end of the day. But if we do, we'll get both a TD9 count top and a confirmed sell the D point. But again, price being above profile levels can always make things a suspect. What we should expect, and we talked about this yesterday, I think we might have even mentioned it Friday, but certainly we discussed this yesterday, is that that green line, the green red line, the oscillator and change line, on a daily timeframe recently changed colors. And so when it changed colors, what we know is that price, that tells us that price, that line are going to catch up to each other. What it doesn't tell us, and I've been looking for that secret, is exactly when and how many days. So we don't know, but just knowing that that is a likely outcome, I consider that to be a competitive advantage. So that's one of the things now, what we don't know is how it's going to do that. It could be a market moving sideways while that advance, while that oscillator and change line continues to move higher. It could be any combination of things, but the combination of things, what we're looking for is what's the outcome? And we don't know what the outcome is. What we do know, if it's a test and rejection of a green oscillator and change line, that's simply bullish. Now price has got to get back up to a resistance level, but that would be a bullish outcome. And a bullish outcome in the favorable seasonal cycle says, well, maybe the consolidation patterns that you and I have been looking at for quite a while, in fact are going to get broken. We don't have that message just yet. We have two of the equity future contracts trading above the consolidation and two that are not, in fact, the NQ, I believe, tested so far and rejected the top of that level. So that's what's going on inside the ESMini. Typically when we get to tops out here, you like to see all kinds of topping signals in the intraday timeframes. Well, other than putting in some A to B equal CD patterns and with the market moving higher, that's an easy thing to do. Don't really have much. So what levels of support would need to be broken on the intraday timeframe? That was one of the questions that John had asked. Well, that would be down to 40, 45, 37. If you get to 45, 37, that's a TD9 breakout level on the ESMini. Shoot, you're going to be pretty darn close to the 44.92 level. And so, you know, I wouldn't suggest then shorting the ESMini then knowing that price might just be tagging that oscillator and change line and then boom, it's off to the upside out there. So the ESMini, in my opinion, has just taken a look at charts understanding where support levels are. Doesn't really provide you with a great reward risk opportunity now, nor does the NQ with price just rating right above the top of that daily profile either. So we're in a wait and see mode, I believe, until the market is able to communicate to you and I more clearly what its intent is. As far as its intent, we know we've got topping signals. That's a TD9 count pattern, but that doesn't necessarily that we're going to see a top. That pattern doesn't have to work out there. We know that tomorrow price, in fact, could continue to move higher. So we had somebody on the line, Rose from New York City called, but no longer on the phone, no problem. And Rose was asking about Tesla. So while we just take a little pit stop here, go take a look at that Tesla. Let's change screens and we'll go see what Tesla is doing. I believe it's trading higher, but let's just go take a look. And I don't believe there was a topping signal inside of Tesla, but nonetheless, let's go to our next chart out here. Let's put up the ticker symbol TSLA, TSLA. And what we've got here right now is what? Well, speaking of bear shooting stars, not too much wick as we speak right now at the bottom of that. But let me, so price above all profile levels, daily, weekly, monthly, it's made the 1.272 expansion of its last set of weekly swing points. That would be from January of 2021 down to the low in March of 2021, but that's not really providing us with a ton of information. So let me get over to another set of charts out here, my radio charts. And let me get Tesla up on the screen. And this is going, well, let me just do it this way here. I won't take a second for this to populate. We'll get the daily and the weekly time frame. So we take a look at the daily out here. Certainly there's an A to B equal CD to the upside, but there's plenty of them. And all right, my system says, even with that wick that still might qualify as a shooting star candle out here. So if we do get that in who was that, that was Rose. So if you do get a bearish shooting star candle out here, what you would expect, what I would expect that would be a topping signal is price to pull back and test the first level of sport. And the first level of sport is down to 914. And 914 is the oscillator and change line. It's green. And look, as price moves down, that level is going to change. As price moves up, that level is going to change. This is kind of a guideline right now. Although I teach everybody how to put an oscillator and change line on their screens out there as long as you can program it into your software. But 914 would be a level to be taking a look at. Now as we look at the weekly timeframe chart here for Tesla, no damage. Price moving higher, doing with less amount of energy, but it's already gapped up this week. That's a bullish signal. So the weekly chart is saying, okay, not so much. The daily timeframe is saying, well, I might be interested in pulling back and pulling back to test an oscillator and change line. The 30-minute timeframe out here, certainly A to B equals CD patterns. That form with a bearer shooting star candle. Now price right now rose is testing support on that timeframe. And that timeframe support levels the bottom of its profile. The bottom of its profile is exactly at 1005.03. If price closes below that, 2 consecutive closes below that. Then with that Tesla signaling to you and I, price is headed back to 960.23. So price closed below 960.23. That signal is a drop to 903. But at 960, you're still going to be above that oscillator and change line. And that's more likely the target if we get that bearish reversal candle, which currently is a shooting star. But if it moves up too much more, there's going to be too much wick in that candle in order to qualify. So rose, thanks so much for calling in. Sorry that you weren't able to hold on. And Steve Rhodes with TFN. Right now we've got the Dow up 22 points, S&Ps up 7. 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 the sharpest minds in the trading world. 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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 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 folks. Let's go to our first question. It's the only or the second question and it's the only question I've got in my email right now. So Steve at TFNN.com put Radio Show question if you would inside that subject and we would love to hear from you. But Hector and the fuel injectors, that would be Patty, want to take a look at the real estate sector, XLRRE and Facebook. Happy two for Taco Tuesday is what Hector says. So XLRRE please work in A to B equal CD up if possible. Yeah, we could put one in there. Given time, Facebook isn't giving us an opportunity to buy the D point here. Okay, let's go take a look at it. Oh, and you'll catch the arc. No problem. So as we take a look at the real estate sector, right now moving higher into its swing point from September 3rd. That swing point has volume of 5.5 million. You're already at 3.5 today. So seems like it has the volume. Whether price gets into it or not it's likely to head up and test that level. That level is 4880. The weekly chart is confirming that message as well. Hector right now prices trading above the top of the profile, 4783. It's bearish in structure. So close above that would be a bullish outcome. The last level of profile resistance is 4880. That in essence is all time high and it's a brand new bullish structured monthly profile. So that suggestion when you get above the center of a bullish structured profile, you typically go up and test the high. So this really suggesting that what the real estate sector is going to do is at least go test it high. Now, maybe it's going to break it out. I don't know, but at least it should go test the high. Let's look at our white background charts see what they're providing us with and what they're providing us with on a daily basis is that in fact that is the case. Now I say in fact that is the case because there was a TD 9 count pattern that formed. It's completed on October 22nd and it failed the very next day, not even a hiccup. And that talks about a very strong moment to move to the upside. Now the only fly in the financial alignment here is the oscillator and change line, change colors. However, my experience is typically what we see is we don't see price in that level start to catch up to each other until we've got a valid top. And there is no valid top in place. You were asking about an A to B equal CD to down. So by the way, the real estate sector formed a roadsman to indicator top and it formed a roadsman to indicator bottom out there. So that's a good pattern. So right now the real estate sector on a daily basis wants to move higher. Don't have any kind of topping signal. The weekly timeframe, that's the same message out here. The monthly timeframe the monthly timeframe says the following if price closes above it's all time high, you should expect to anticipate the real estate sector to just continue to zoom, zoom, zoom to the upside. With regard to the A to B equal CD Hector, let me go over to my black background chart. The only one that I can see on a daily timeframe and I assume that the daily is one that you were looking at out here is with the A point starting down on the bottom of October 6th, that would be your A point. Your B point would be the high from the 15th of October in the C point, the very next trading session that's October the 18th. The one in one level will take you up to 48 58. That was only that was less than 0.382 retracement so that says higher and that says 49 30. So with regard to the real estate sector, it's on fire and it should continue to add higher and at least go test that all time high. Your other request was for Facebook. Facebook trading below the bottom of its bearish multi-structured daily profile and that suggests lower prices with regard to the buy the D point out here. Let me pull over so from a profile standpoint, the next profile level that would be a target for Facebook would be the bottom of its monthly timeframe and that is down at the 292 75 level. So let's pull over this daily charge pull over the charts here for Facebook and I know you mentioned a to be equal CD pattern, but I was just simply going to say scrap that idea and instead what you're going to look for now we've seen one Rosemont indicator signal form that worked its magic. It's magic was it took price all the way up to resistance, which was the top of its daily profile. So here it forms with wave number 7, a Rosemont indicator hammer candle that was the bottom takes price up to resistance and now prices below support. But it's below support and it still has that Rosemont indicator signal triggered. We can see that Facebook's breakout level is 305 303 57. So very likely that is where prices target if price closes below that what we're looking at is a move back to the 284 level. But what I would do here as opposed to just focusing on the a to b equal CD patterns because Rosemont indicator signal is a better signal out there. I don't know if it's better or not. It seems to produce better results. I would wait for that Hector. Now let me look at the weekly chart for you real quickly on the weekly chart says 303 57. So we've got two at the 303 57. So those are the breakout levels bar number 6 on a weekly basis. It could be a TD nine count bottom that forms and that says and that's not for several weeks out here. So right now if your question was should you consider taking a long position in Facebook. Steve is going to say no not yet but let's continue to monitor its trade activity and when it's ready if we should be able to see it clearly. So thanks much for writing in and listening to that archive and have a terrific Tuesday speaking of terrific Tuesdays let's go out to Ron in Denver. Thanks for calling. Thanks for holding. How are you today? Great Steve. A quick story. I turned 80 a couple months ago. I called my ex-wife. I said now I'm an octogenarian. In case I get the flu or covid in any episode we don't want to be cremated. My ex said you want to be cremated. I said yeah. So my ex called me back the next day says I got a porphy in next Tuesday. I love it. I love it. Anyway next week I went long on STLD and Newmont. I took profits on STLD today but I missed the move on Newmont. I just wonder what Newmont and gold look like if I, you know, should I get another shot? So another shot at selling? Yeah, I'm long options, long-term options on Newmont. It'll follow gold. Yeah, but what it's doing out here, so if you take a look at it, we're looking at the Newmont mining charts. Yeah, we've got it up on the screen. So hopefully you can see it. And the resistance level is what it hit, 5871. That was the top of the weekly profile. And price has pulled back just a bit. But in the pullback what it's done it's still staying above the top of its daily profile run, 5715. So even if I could which I can't come up with a A to B equals C D to the upside. And I don't want to do that. I don't really have a sell signal out here. And price is above the top of the profile. So I wouldn't be looking at buying, at selling this. I'd almost be asking myself the question is it a buy? Not a sell? Okay. Now granted there's resistance at 5871. If we see a close above that on a weekly basis that would be a positive thing and say that we continue to move higher. Now let me pull over my white background charts for us on Newmont mining. I believe we can take a look at the daily and the weekly timeframes as well so we look at the daily chart. Granted there was a shooting star candle that formed a couple days ago that was on Friday very much like we saw in silver and in gold out here. And if price gets above that boy that's telling you that we're headed higher. I think longer term bigger picture Newmont mining is headed to the $70 and 12 cent area. You're 5759 right now. So the question is is there going to be more to this pullback or not? And to investigate that we really got to take a deeper dive down into it. On a weekly basis I take a look at Newmont this formed a TD9 count bottom. So what did that do? When you get a bottom you typically go up and you get to the resistance level. In fact that's what took place. Got up to the top of that profile it's pulled back it's still above its oscillator and change line. This still is telling me this is a buy not a sell. I take a look at the monthly time frame chart out here. I don't think we're going to get a whole lot of information from the monthly chart. I just have to hit the right button out here. So I don't have much on the monthly time frame. A quick peek at the 30 minutes not provided with us with much. So let's do this run. We're about to go to a hard break here or any kind of break. And so do me a favor hold on and I'll come back and we'll answer any questions that you've got about Newmont mining. But it's looking to me to be more of a buy than a sell. 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We're taking a look at Newmont Mining. Hey Ron I heard from a number of guys sent me a couple emails here and they said they believe that if they asked their ex that same question they would respond the same way. So I... Well it's nice to have your ex thinking about you. That's nice. Yes, we're octogenarians now. That's a beautiful thing. That's a beautiful thing and so I would say that the response because you asked the question and questions control the focus of certainly your ex spouse out there that Ron all I can say is you earned it. Yeah I don't think I'll make that appointment. I think I would do not. Do not make that appointment. But look I thought what we would do here is go take a look at gold and so even though I've got our four panel timeframe charts out here the only thing I want to point out to you on this chart right now we'll see what happens by Friday the last Friday price closed above the the center of its bullish structured profile and it's still above it right now and that level of 1790-16 the price can stay above that close above that again on Friday we'd have two consecutive close above that and that was going to that would then suggest to you and I that price should make its merry way up to the 1838-70 level that is the top of the weekly profile. Now what's going on so the question becomes is it a buyer or a sell my charts seem to indicate to me that it's more of a buy than a sell that is a new my mind. We take a look at gold here and I learned it to I learned it all subscribers to this early this morning which was that to expect to anticipate that gold would go ahead and pull back and pull back to where it's oscillator and change line why the oscillator and change line because it recently changed colors and change colors yesterday so when price pulls back and test that level hasn't gotten all the way down there the low of that line or the low of today's price inside of gold is let me get that for us that low run is 1783 the line is at 1778 now if price continues to move higher I know the way that this line works it'll start moving higher and it will look like in about a day or two that we saw that test but price still may pull back to test that line as long as gold remains above that level I would have a hard time telling anybody to short any kind of a mining stock I mean you'd have to be really short term time frame out here what you'd be looking for is a confirmation for gold and then maybe that would apply to the mining stocks Newmont and so forth is a test and rejection of this green oscillator and change line out here so as long as price remains above it around I think you've got to stay long and strong gold and the mining entities so that's what I see any questions about what I presented to you so far no thank you very much you explained it very well and I'll just stay long the call and if it gets brown that oscillator line maybe I'll just add to the position perfect perfect now look if price starts breaking through those levels then we may have something different but that's not what we have as we speak right now and the whole reason Rod that I developed that oscillator and change line was because I wanted to be able to clearly articulate both for myself and then for anybody else when a retracement was just a retracement or was turning into something else and at this stage with that line being green it's just a retracement all right great well one other thing real quick yes I told my kids I said your mom is one hell of a housekeeper because when we got a divorce she kept the house there you go I love it I love it take care thank you thank you so much thanks for sharing and have a great day that was Ron in Denver and we're going to put Ron in charge of the jokes for the Trader Zed show I think we've got a second motion inside the Tiger's Den in any event no more questions that I've got here I don't nothing I see in the Tiger's Den nothing here by email and we've got about you know another 15 minutes left really probably about six minutes so what do we want to go look at next out here and that's really a great question what do we want to take a look at next um genius is that what you're asking for I think I think that is GNUS and that's a that I'm calling myself a genius trust me out here but we're going to take a look at GNUS for Dan in Boston and give me a second your Dan just to get those charts flying on my other screen let's pull up our black background charts so GNUS is a stock trading right now at a buck 93 gigantic move yesterday must have cured cancer it went from a low of 131 up to a high of 207 that's a big move if you take a look at where prices trading relationship to its profiles your next level resistance and I think we may have talked about this before Dan but it's still going to be 207 if we didn't talk about it well we're going to talk about it now and that's 207 and 207 is the top of that monthly profile out there if you can get a close above that then that signals that we're moving to higher ground higher ground to where great question let's go take a look and see if we can figure this out so let's take a look at here's the daily timeframe as soon as we get this expanded it's a broken through one TD 9 breakdown level so that's the positive 185 the next one out here is at the 220 level so your next area of resistance is about 220 above that I don't see anything on the daily timeframe a quick peek in on the weekly chart out here as we populate this the weekly chart says longer term intermediate term price is going to go target a 395 level 395 is its TD 9 breakdown level but as you and I just discussed it's not going to do that until price closes over the top of its monthly profile and that's at the 207 level so your next battleground is that to I'm sorry to get to a seven actually your next battleground the real battleground is at 233 and 233 is the TD 9 breakdown resistance level we have not seen price close above this it has attempted to on a monthly basis one two three four times so Dan on a monthly basis if you get a close above 233 you're off to the races and if you don't you're off to the races to the downside and that downside would probably take you all the way back to the oscillator unchanged line so that's what's going on when we take a look at G NUS is a genius is that the name of the company it is Genius Brands International I don't know what they do but whatever they did yesterday that was a big that's what we call a wide ranging bar one of the wider ones out there so thanks for the request and you bet to do that so why lights we crude I know we took a look at lights we crude yesterday and folks were looking for a potential top there so let's go check in on it see what it is doing and even though I'm going to go ahead and pull up our black background quad charts here for daily weekly monthly and quarterly let me see if I've got my other lights we crude charts up or if I've got to get those going here hmm they're not going but I'm going to go ahead and give it a shot so lights we crude is attempting to form a new profile right now the price is trading above the top of it and the price closed above $83.96 today that negates itself the D point and it just says that price wants to continue to move higher we got a caller on the line let's go out to Robert in Kansas City Robert thanks for calling thanks for holding how are you today great Steve yourself I'm excellent thanks much for the call and you want to take a look at ticker symbol fxi I believe and tell us what you're doing and how I can best help you I am interested in taking a short position it looks like it's topping out to me and I would just like to get your thoughts okay so if we take a look at fxi fxi is trading above the top of a new profile that began yesterday and that profile formed underneath price and that is a bullish message it is at least a bullish message as long as price remains above $4105 so when we go take a look at fxi we're going to want to see if we can see any kind of significant top or anything but right now the message from the daily time frame is really a bullish message as I take a look at the weekly time frame chart price got up to resistance that was the top of its weekly profile last week at about $4278 and so there's a resistance level on the monthly chart it's the bottom of that monthly profile and that's at $4166 okay so that's the groundwork Robert hang on through this break when we come back we're going to go take a look at fxi my white background charts and I'll give you a feel for what the parameters are and what to look for 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 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 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 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forget you can listen to TFNN live on your mobile device 24 hours per day go to tfnn.com then hit watch Tiger TV that's tfnn.com then hit watch Tiger TV back folks we're online with Robert and Kansas who's got to be sad after that football game on Saturday out there but I kept thinking I kept thinking they're not updating the score here what's going on but in any event with regard to FXI you're exactly right with regard to essentially that it was forming a top it did form a TD9 count top it did that on the trading day of October 20 but since then in the days afterwards we can see that it's oscillator and change line change from red to green so very much like the NQ and the ES and the YM that we're taking a look at this could be just a pullback to support and that's at the 4106 level and you're at 4149 so you're certainly not going to take a short trade there if price were to close below that level you've got support at 4050 39.94 and 38.95 so those would be things that you could take a look at but at this stage here yes you're actually absolutely right it did form a top the question is is this just a retracement back to support and then it's going to move higher and that would be the 4106 level so any questions about and when I take a look at the weekly chart out here the weekly chart just shows a nice wave number 7 that's courtesy of Basil Chapman so there's a bottom there price finding or resistance at the top of that profile so that's normal but it still looks to me like actually FXI may want to make a run higher after it tests that green oscillator and change but that's the first test that we need to pay attention to and if I look at a 30-minute time frame chart to say hey Robert maybe now let's take the time and the trade shoot I've got a TD9 count bottom that formed at 1 o'clock as we're coming on the air so I wouldn't tell you to do that so go ahead. Does this instrument respect the TD9 counts is this a good instrument for that I mean I know in the past you said some instruments the TD9 counts are really good but others not so much yeah so great question here and you know let's just say we don't have to worry about that right now because when that oscillator and change line change colors that's really where the piece of information next piece of the puzzle comes from and price is too close to that to consider a short position right now so I think you need to wait to see how that test unfolds to then draw conclusions okay alright thank you. Thanks much for calling folks have a great day stay tuned for two more great hours of programming I'll see you tomorrow