 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 January 10th the magical magnificent Monday edition 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 Well, it's 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 Well means we can find the gift in every set of circumstances that life is gonna toss at us now today You and I we're gonna go check on the message of these markets We're gonna go figure out what the bulls and bears what those buyers and sellers are communicating to you and I at Just past one o'clock in the afternoon. I do want you know, I'm absolutely grateful for your presence here But 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 and dial on it at 877-927-6648 If you can't dial and we've got you covered there too Let those fingers through the walking send me an email send it to Steve at tfn.com and inside the subject Please put radio show question, of course in our Tigers then well any in every ping will do So let's go ahead and get this show started on magnificent Monday. Of course. This is Tiger Financial news network. I'm Steve Rhodes. Welcome to less show right now get all the US indices trading to the downside They're all down a percent or two and six tenths percent if you take a look at the semis Which is down a hundred points that I was off 400 the S&P 65 NASDAQ 298 Russell's down 40 semis off 100 trainees down 352. You've got gold up two bucks silver up nine pennies 30-year treasuries up five ticks. She's trading at 150 509 Leading the charge dollar wise to the upside. I Rhythm technologies of 26 points 25 percent Moderna of 15 bucks seven percent humana 13 bucks four percent thermal official scientific up 11 bucks Nearly two percent buy on the tech is up about five percent ten bucks to the upside Amazon down 85 Two and three-quarters percent chipotle 71 four and a half percent Mercado We're based 65 6% Shopify 63 about 6% as mill holdings up over 6% 50 bucks to the downside So we certainly have some movers and some shakers of course What you want to know is what's happening right now in the play-by-play world going down to the short-term time frames At least that's what I thought I heard out there. So let's go try to answer that question out here So no calls no emails or anything. So which is good because it's going to give us an opportunity to go dive down into these charts in detail to try to understand what is being communicated to you and I so the first place That we're going to start in the play-by-play Book is looking at those 30-minute timeframe charts for the four equity future contracts And what we see here are four bottoming patterns So there is and we saw the first rally first rally stop where it should have Which was really at the oscillator and change that if you take a look at the upper-right hand chart I believe it's the NQ that will control everything out here But if you take a look and go back to the upper left hand chart You'll see a TD 9 enroachment to mitigate her bottom for the ES mini the yes many can close about 46 13 You should see price make its way back to 46 67 that would be a big rally I'd be another 54 points or so the confirmation of that likely comes so the oscillator and change on is acted as resistance We've had this little sideways move or the past couple of hours So now if the NQ close about 15 3 16 50 on a 30-minute base certainly to then that would suggest that we should see rally That could take us up to 16 6 57 the Dow has got a TD 9 count bottom if price can clear its oscillator and change line the next battle will be at 35 7 91 and Above that says 36 127. So those are levels you want to be watching Russell 2000 has a TD 9 count bottom in the last half hour Between 12 30 and 1 that low was tested and rejected. It's trading inside a bullish structured profile But here the oscillator and change line has been the real key resistance level and that's at the 21 42 area So we've got valid bottoming signals for all four contracts inside by the way in the NQ The bottoming signal is an a to b equal CD to the downside so from an intraday session At 111 in the afternoon, nobody should be surprised if we see a rally here Nobody should be surprised now there's resistance levels You and I've been able to identify those that price needs to clear that will then confirm that that rally should extend itself out there But we don't want to stop here We want to go take a look at really rip apart each of these charts for their multi timeframes out there So let's begin by take a look at the NQ which likely is going to Go ahead and Actually, you know what we want to do here since I'm already on that screen. Let's do this That way I don't have to really you know keep going back and forth You don't have a clue what I'm talking about but you will momentarily because what I'm gonna put up are the Top eight charts that represent really Google is two symbols So it really we've got the top nine symbols that represent very close to 50% I don't know what it is as a Friday's close, but very close to 50% of the NDX 100 So the reason that we want to take a look at these stocks is we want to try to understand what they're communicating to you and I So if we take a look at Apple Apple is pulling back into a swing point That swing point is from the trading session of momentarily give you a moment here that trading session is from December 20th now when I looked at it earlier it looked like Apple was pulling back with lighter volume So I'm just gonna so I'm not gonna switch screens for you I'm just gonna go take a look at my other screen and get that volume matrix So the swing point that we just looked at that swing point again being December 20th has a hundred and eight million shares And so far today we're at about 58 And we are 930 we're four hours into the trading session right 930 1030. Yeah, 130 So Apple's pulling into a swing point with lighter volume So that says okay bounce possible bounce to where 17440 would be the likely target in Apple That is the bottom of that profile could easily get up to 177 or 178 So Apple at least pull it out what Apple would need to do to reject that swing point It would need today to close above 178 your 170 and some change right now not 58 But a close above 178 with less than a hundred and seven million shares will be a test rejection of a swing point With lighter for lighter volume for Apple that suggests a bounce higher you close inside the swing point even if it's lighter volume That could say you're gonna go down and test maybe blow away that swing point We don't know the case of Microsoft bar number seven of a TD 9 count trading right back into support and support here Is at the 308 60 level that's it's TD 9 breakout support that itself can be a bottoming signal out there So watch 308 60 word 308 80 as we speak right now for Microsoft So back to a level of support Amazon is going to form bar number 9 of a TD 9 count now in the case of the TD 9 counts The low can form on the bar following bar number 9 But that would say that you have a valid TD 9 count in Amazon that should if this pattern does take hold Should take place between today and tomorrow again signal of a potential bottom in the case of Facebook out here Facebook has not made its way back to its lower swing point that swing point I'm gonna get the day here that day is on the trading day of December 3rd And that volume there was 27 million. You're back with 15 million Has it gotten down the note hasn't gotten down there So I don't have a clear reading with regard to Facebook with regard to Tesla She's just pulling back into her bullish structure daily profile nothing broken there bar number 8 to Ben Vidya Remember in the TD 9 count it could be bar 8 9 of the bar following 9 out here so I'd be either is gonna form a TD 9 count today or between today and Wednesday and Could be targeting 240 282, but it's got the sign of a bottom. So does Google bar number 9 today Steve Rhodes with TFNN. We'll be right back 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 2 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 TAS profile scanner is the premier market profile base scanner Powered by its acclaimed TAS proprietary algorithms this feature rich scanner instantly filters over 2,500 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 TAS 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 All now toll free at 1-877-927-6648 internationally at 727-873-7618 So we've got the eight panel charts for the NASDAQ out of the NQ each of them are gonna signal something different to us But what we know so far we were in the early part of January and on a monthly basis We now have a confirmed roadsman to Mindicator signal for the monthly time frame with price below that oscillator and change line Now it's early in the month out here if this were the end of the month as we take a look at this What would this signal to you this was to go to you that we've got a long term Long term long term Stevie said long term Suggesting of a change in trend out there at least the top that would be in place that top could take us all the way back to 12 207 we're not making that projection just yet Of course the month is not over so it's gonna be dependent upon monthly candle in January 11th Just doesn't do it but that's what we've got right now If you take a look at the weekly chart, we have already a confirmed roadsman to Mindicator top there That says that price longer term now. We're talking about remember We just looked at short term but longer term that would suggest run back to the October lows or perhaps its breakout level in the 13462 area we take a look at the daily time frame today is going to become bar number seven So if there's going to be a TD 9 count and that may or may not be the pattern out here if there is though We should see a lower low sometime between Tuesday and Thursday of this week And that could set up the TD 9 count that could take price back to 47 85 So that's the daily weekly and monthly charts out there, but intraday. We've got different signals, right? We're doing the play-by-play just depends on what time frame it is your you're on So we've got the a to b equal CD pattern inside a 30-minute chart I don't have that drawn in here. Just trust me on that or don't trust me go do the work yourself But right now we've got the NQ trained about the top of 30-minute profile 30 15 3 17 I believe right right around there and a close above that it's going to suggest a further rally that further rally could take us up All the way to 15 657 the 60-minute chart has a TD 9 count at Roadsman Dominicator bottom You can see price taken at Saucer and changeline right where we're trading right now 15 337 or thereabouts if price can clear that 15 379 is its battle if price close about 15 379 15 657 is its message lining up with the 30-minute chart out here We may have a Roadsman Dominicator confirmed bottom and the 120-minute chart this can't candle finish I believe at 2 o'clock. Yeah that at 2 p.m. So I don't really know What that candle is going to look like 40 minutes from now We'd have to come back to it the 4-hour chart TD 9 count bottom the 5-hour chart bar number 8 of a TD 9 count bottom Out there so that suggests you we could be seeing a so we've got many bottoming signals on these intraday charts Let the 30-minute chart be the driver and right now without so 121 We've got nine minutes left in this session out here So price could pull back but again a close above 15 317 15 316 50 to be exact is going to suggest a further rally to the upside So big meanings out here depending on your time frame that we're looking at but right now The message appears to be some type of counter trend move out there now We'll come back We'll take a look at this for the other equity future contracts as well But there are a couple of questions that have come in and so I want to be able to get to those before we run out of time I don't want to do that. So the first question is from I believe it's TKC Maybe in the Tiger's Den who wanted to take a look at Peloton yeah, so let me do this. Let's change screens out here Now I have a ton of things that are running in the in the background right now Some specifically so in anticipation of what we might want to cover during the show So what that means is that it's going to take just a little bit of time For my charts when I put in a new symbol like Peloton as an example So it'll take just a few we'll have a little bit of a delay there And that means that Stevie may have to tell you a joke. I wish I were a good joke teller. I'm a good joke receiver I love listening to good jokes. I'm always amazed at Comedians that you know who doesn't love humor if you're depressed go laugh go find some comedy Out there and listen to that. Okay. So that was my delay out there Peloton. He's got a brand new daily profile the question He is Yeah, yeah, it is too bad about that guy. Yeah, when did he get his booster shot? Anybody know Stevie does in any event Peloton out here You got a brand new daily profile the bottom of which is 32 79 the top of which is 36 62 So that's your support and resistance level the question is has Peloton bottom So let's pull over the white background charts out there and as we take leave white background charts You do have a confirmed roads women to me indicator bottom So take a seat to the extent that you're looking for that bottom signal. You've got it now I don't know if price is going to be able to take out resistance where the sellers are at at 36 62 But that's your battle price is trading at 33 77 too close above 36 62 is going to suggest a further move higher No, that's the daily time frame the weekly time frame chart out here has what it has a TD 9 cowl bottom that formed last week It's got a hammer candle. That doesn't mean anything to us We have a roadsmen to indicator signal this week So another bullish reversal candle will confirm that bottom your resistance level is right at about 42 71 The bottom of its weekly profile and very close to its oscillator on change line But you do have a valid bottom here a TD 9 come and on a monthly basis. You don't got zip Not as you know, so you'd have to make your decision based upon the daily and weekly if those patterns fail Oh TKC just know that your next entry area could be around the 25 85 level That is a TD 9 breakout level for the monthly time frame, but the weekly's got a bottom the daily's got a bottom It's an easy trade because you'd close it out below the lows of last week or a close below the bottom of the current daily profile That's just formed today 32 79 so TKC. I hope that helps y'all with regard to Peloton Thanks so much for the request the next request is from Dan to the Tiger stem He wants to take a look at Nike NKE is the ticker symbol out there Dan thinking that Nike is a bellwether for the Economy and or the market so if we take a look at the chart for Nike We have an a to b equal CD to the downside the gap to the downside Taking out a swing point that had 8.4 million shares so far You're about six million shares so it seems like Dan you're going to be at similar type volume the one to one a to b Equal CD gets you to 147 56 which is going to get you into its swing point low daily swing point low from September 30th That had 10 million shares so ideally you get the a to b equal CD pattern You get a rejection of that swing point and then you get a bullish reversal candle That would give you a buy the d-point pattern out there if that does not unfold First that's just the one to one a to b equal CD level out there the one to one point two seven two gets you to 141 1.6 20 expansion gets you to 132 But I think we can just simply go back to the profile levels there Dan says hey the monthly is really important to him Of course, we're only at the January the it is today the 10th or the 11 today is the 10th out here And price right now is testing support and that's the top of its daily profile. That's below it slightly 149 91 is that level but if this area here fails down then what I was suggesting to you in the Tigers Dem is we should see and move back to the 130 to 135 level That's its bullish structured monthly profile not a weekly basis Price is also pulling back into a swing point that has volume of 48 million shares way too early to try to figure out What that weekly volume is going to be out here? But so Nike's got the potential for a bottom that maybe unfolds over the course of the next couple days Not as we speak right now that is for sure. So that's what's going on We take a look well, let's pull over the white background charts See if there's any other information here that we can gleam on the Nike charts today's going to be bar number seven Breakout level 145 76 so you could have a TD 9 count bottom on top of a a to be equal CD pattern out there The weekly chart out here. What do we have? I don't think we're going to find much We really well weekly pattern bar number seven for the week But no bottoming signal there and on a monthly basis as we take a look at it Nothing really to help us out here. You do have a confirmed roads meant to mitigate her top Well, that's what really over the long haul Dan could take us back in that 130 135 level and that was a Nike for Dan inside the Tigers then of course folks I'd love to hear from you as well eight seven seven nine two seven six six four eight If you can't go in you can always send me an email Steve at TFN Dot-com we'll be right back 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 market And join the Tiger's Den trading room only at the FNN comm The Tigers 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 Tigers 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 is as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the Tigers 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 dot-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 dot-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 traders 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 Gartley's 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 gonna 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 dot-com Welcome back folks our next question coming in from email This is from Greg and Greg M wants to take a look at the square Would you look at square for me? I don't have a position but was looking at it for possible TD 9 count short-term trade What do you think so as we take a look at square? Let's do this here Let's go just simply to my white background charts So as we do this because we're looking for some type of bottoming pattern here for Greg So the depends on so today's candidate got right now as we speak Greg at 130 You have both a gap to the downside that would be bearish And it so far it's full. It's a it's good. It's got a hammer candle Course doesn't matter what it is at 130 matters. What is it 4 p.m? It's got the potential for a bottom Would I buy that bottom on the daily time frame if it's a hammer candle now I would need because of the gap to the downside I would need proof for me proof would be at least a close above that oscillator and change line That's currently 142 61 if it's a change in trend and straight at 137 that shouldn't be a gigantic deal for you But if you're asking me at 130 in the afternoon has this bottom It's given us that signal really depends upon today's candle session If you don't get a hammer candle today, then the answer would be no if I look at the weekly time frame chart for it as well Last week was the bar following bar number nine of a TD nine count So as long as price does not close below last week's low last week's low out there was 130 809 Then you've got a bottoming signal out there as well So that would be some additional proof the oscillator and chains line change from green to red to get the bottoming signal Price should at least bounce up to that area 184 40 on a monthly time frame as we take a look at square no bottoming signal here This is suggesting that longer term square wants to get back to 42 33 But in the meantime you might get a bottom I'd come back to this tomorrow Maybe the next day out there, but I do hope that helps you out Greg M With regard to the TD nine count you asked about on the daily time frame. There's nothing there There's just the roads momentum indicator signal the next question this comes in from Joe And so give me a moment here to get that going on his chart He wants to take a look at till ray ticker symbol out there is TL our Y popping this morning on its earnings Or it's quarterly numbers out here and so far the gap is held So it's really done a couple things. Well first, let's read his question Joe says can you get till ray heavy volume today after the earnings right? Yep. Yep. Yep Where do you see the next resistance going? Well today is it already hit the resistance level? So what you actually have out here? Let me pull over the white background chart first You have a valid bottoming pattern that is formed today That's the roads momentum indicator signal We had that as we speak at 132 because we have a gap to the upside a gap Is a book after the upside is a bullish signal a gap to the downside would be a bearish signal Do they eventually get filled maybe but you got to go with the signal that you've got now here in this case Joe Even though you've got the bottoming signal you also have the topping signal not really the topping signal But you know where sellers are we knew where they were before a price pop this morning And all that today has proved is exactly where they're hanging out and they're hanging out in a group up a bunch And that bunch is between 756 and 776 So till ray's gotten crushed. It's really it's almost well It's almost back to the all-time low which took place back in March of 2020 out here So if this is a significant bottom, and I'm not saying that it is but if it is let this thing prove itself to you You know let it close about seven if 76 out there the top of that bearish structure profile But your question, you know, how does it look the heavy volume? Yeah, it's got so This is the question I posed to myself this morning about an hour and a half ago Yeah, you've got you don't have wide price spread you got a gap to the upside But you do have volume coming off that bottom But it has been unable to take out those cells so Greg you and I have an unfair advantage. We know Definitively where the sellers are we don't know where their buyers can overtake them enough But we know where the sellers are at inside the case of till ray They have not been able to do that the other thing to consider out here would be the ETF structure itself Which would be MJ the alternative harvest that it's in now in the case of MJ It does have a valid bottoming signal as well on Friday. You generate a bull sash candle that confirmed arose meant to mitigate her signal So this is telling us that the pot sector itself is trying to form a bottom now in the case of MJ It's got a bunch of resistance battles up ahead 1133 1168 and then at 1204 But you do have you want when you know if you see an individual stock and I'm not sure what? What the till ray is what number of awaiting inside that structure But you like to see the sector itself turn as well as the individual stocks that are inside there So it's got potential But I'd let it take out that resistance level out there. So hope that helps you out Joe But best of luck whatever it is that you do Decide to do the next question coming in from Peter Peter and Park City Peter got any snow out there I would imagine the answer that question is yes Can you do your analysis on the yes like I did for the NQ? Absolutely, so give me a moment here folks We'll switch over to a different panel of charts out there that panel here right now Right now you're looking at my ugly fit mug So we'll get the we'll get the screen turned off of that as soon as we possibly can here we go The ES mini charts are popping up now Let's share that screen and in the upper left hand corner You're gonna see again the monthly time frame so on a monthly time frame for the ES mini You have a valid TD 9 count that took place last month now What needs to occur by the end of the month out here doesn't have to be the end of this month But certainly the end of some month is a close below that oscillator and change line until that happens all pullbacks are nothing more They're not a longer term basis pulling back to support and that support level out there Peter is at 45 65 So valid top but no level of support broken unlike the NQ that you and I looked at earlier If we take a look at the weekly time frame chart last week confirms erosement to indicator tops You've got the valid topping signal there the daily time frame So I've got different profiles for Ninja Trader than for each signal out here I'm going with the East signal set of profiles But but in this let's just take a look at the set of profiles prices pulled back to an area of support That would be the center of its bearish structured profile of the 4576 level out here So we'll just kind of go away from the daily time frame We discussed the TD 9 count roads meant to mitigate a signal on a 30 minute time frame You're probably able to close above where it's trading right now Which is the top of its daily profile the top of that profile levels 46 13. We're trading at 46 13 You close above that at 2 p.m. That suggests a further Rally and that rally could take us up to 46 67 You've got a TD 9 count bottom on the 60 minute chart the battle is at 46 17 and above that 46 24 You clear that you're headed higher the 120 minute time frame chart is trying to generate a roads meant to Indicator bottom signal out there Don't have that just yet Bar number seven on a 240. That's an a to b equal CD to the downside lightly Yeah, it may not have completely fulfilled that. Let me just take a quick peek here from a to b We put it right looks like about right there And now let me just go ahead and move this over to the yeah So you do have you've got the potential for a buy the d-point pattern to form there and bar number eight on the five-hour time frame chart for the For the ES mini out there, so I hope that helps you out Peter. Thanks much for writing in let's go to our first caller and our Only caller at this stage and that is David David. Thanks for calling. Thanks for holding. How are you today? Hi, I'm fine. The snow's melting. Thank goodness No, are you from the northeast framing him? Yeah, perfect. Yeah, okay? Well, we'll set we'll send a little heat up to you from Delray Beach. Maybe I don't need it don't need it Okay, good. So you want to take a look at the gdx. Tell me what you're doing. How I can best help you I like to see if this is a buy point in here. I believe it's tested the bottoms here So you've got a swing point that it's testing as we speak right now And that swing point out here David was from the trading day of December 15th And that had 34 million shares and if price today closes above 30 bucks even Steven you're 30 20 on less than 34 million shares and that's likely to happen You would have a bottom signal do me a favor David We're going to a hard break here or any kind of break but hang on through we'll come back We'll take a look at gdx with David up in massachusetts Are you in the market for buying or selling real estate in the bay area including the surrounding st Petersburg Tampa and clearwater 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 727-329-8322 Or email us at tiger at tfnn.com at 727-329-8322 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 in 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 chairs carefully before investing The prospectus and summary prospectus contain this and other information about direction chairs to obtain a prospectus or summary prospectus Please contact direction chairs 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 then hit watch tiger tv That's tfnn.com then hit watch tiger tv Welcome back folks around the line with david and we're taking a look at the gdx his question is has it bottom So on a daily basis david the only pattern that i have is a test and potential rejection Of that swing point. Do you use that sometimes for an entry into a position? Sometimes Yeah, but i think it's made it i think it's made a double bottom possibly maybe Um, well, it really made the double bottom on the in my opinion would have been the december 15th swing point That swing point that's trading into Because that was really testing that had 34 million shares now is testing a prior swing point from september 29th That also had 34 million shares So to a certain extent you really like this Trade setup if there is a close above 30 bucks today, you know what we have is right now about 15 million shares So it looks like this is going to come in with much lighter volume If you get a rejection of that level then it says you likely bounced to 30 51 Maybe 31 32 and maybe it is a bottom. So that would be the old that's the only pattern that I can find Um That would suggest that there's a bottom in there and it's a valid pattern out there Was that 30 51 or 30 was that 31 51 or after the 30 51? The the swing point So 30 51 would be the center of its bullish structure daily profile Okay, so if price rejects this 30 dollar area and closes below that that's going to be your next little battleground out there And if price can close above that it should get up to 31 32 And just like you're watching the volume today into a swing point I'd watch the volume as it moves into the swing point if it does From december 31st now that becomes a little tricky right because it's holiday trading It only has volume of 12 million shares, but You know, I don't know whether price will get up there But if you ask me does it have a valid bottoming signal out here the answer is yes But you'll need that confirmation at day's end, which is a close above 30 bucks Yeah, do you see it's getting up to 33 dollars at all up to the 200 day Well, so the swing point that it would be targeting is december 31st And that's at the high there will be 30 208 and if it can move into that And I would say probably with more than 12 million shares what traded hands that day It was a full trading day, but certainly not, you know, a fully market participant trading day So you certainly want to see it that say with if it's moving into that level of 15 16 17 million shares Then yeah, that's that becomes its target now the weekly resistance level you asked about 33 bucks That is the top of its weekly profile at 3305 out there. So it's got that potential for sure Okay, and what do you see go going to you think that's gold is bottomed out at the uh Gold the gold has just been trading sideways and it's trading with inside its weekly profile out here And that's really I'll just expand this chart out here so everybody can see it So it was able to find support at a real key level which was both the center of its daily And weekly profile and it did that on thursday and friday of last week What you'd like to see gold do today if it can is close above 1802 20 Maybe it doesn't do it today. It does it this evening, but you'd like to see a close above 1802 20 That is the top of its daily profile If we get that david then that should say that gold makes a run for its real key resistance here at 1828 50 So it's it it also has potential To make that move higher out here What we can say about the uh gold contract out here is you could take a look at the bottoms You had the real low that came in on august 9th You had a higher low that then came in on september 29th You have a higher low that came in on december 15th And maybe on friday you had your fourth higher low out there. So It's it's got potential as well Okay, okay. Thank you very much. Okay and have a good day. You bet. Thanks so much for calling in That was david up in massachusetts where the snow is melting Let me just check you all quickly see if there's any other request yet There is another request. This has come in from rich in oregon and rich says, uh, what do you need to see happen before? You take a new position in amd out there. Well, let's go take a look at amd. See what it's doing out here And uh right now we've got this trading out at about 30 dollars and 20 no What what was I looking at? 127 dollars and 97 cents. So you are now below a swing point This is amd. The swing point is december 14th about 51 million shares and you're already doing 53 So what this is suggesting to you and I rich is an a to b equal cd to the downside that's being confirmed as we speak So the a point out here inside of uh advanced micro devices is the high from november 30th The b point is low from december 14th and the c point of this a to b equal cd pattern is december 28th One to one gets us to 12287 the low so far for the day has been 120 503 The 1.272 expansion level is 113. You're below the bottom of the weekly bullish structured profile So let's pull over the other type frame charts or the back white background charts for amd So in addition to the a to b equal cd pattern, this is going to become bar number eight So ideally what you would get out here rich in order to take another long position inside amd Would be to see a td9 count complete An a to b equal cd pattern complete get that bullish reversal candle and that would be the more ideal pattern Now its breakout level is at 118 13 And if those patterns can form above that level that would be your bullish signal That would then at least suggest a bounce up to 137 18 So you may be close that could be between today and wednesday of this week That's at least the td9 count pattern But ideally you'd like to see that a to b equal cd pattern complete as well No signals on the weekly uh the monthly is saying okay If you get that bottom signal on the daily that makes sense because price is only pulled back to support That was at 125 14 and that is its week monthly oscillator unchanged line level So the answer to your question with regard to amd It's got that potential for a bottoming pattern to form out there Let's uh, see what takes place and transpires over the next couple of days out there So hope that helps you out. Thanks so much for writing in and to have a uh magnificent monday So no other requests so far. So that's cool. We're keeping up with those nothing inside the tiger's den And so what should we do? I think what we should do is at least go back and revisit um We should go back and revisit at least the 30 minute time frame charts So let me get those pulled up for us. Let me get the right to screen out here And that screen is going to be this one. So what do we know now versus when we came on the air? So the end to Which has got the a to b equal cd pattern is clearly taken out the key resistance level I mentioned natural gas at tucker, but we'll take a look at it. So this is suggesting to you and I We should see you move up to about the 15 657 level. That's the nq upper right hand corner The s many now taking out resistance at 46 13 It's got 11 minutes to confirm that but that suggests you could see you rally up to the 46 67 level The doll it's got a td nine count bottom prices taken on its level of resistance That's the top of the bare structure daily. I'm sorry 30 minute profile and that's up at 35 791 You're 35 790 as we speak a close above 35 791 says it too wants to move higher Td nine count bottom on the russell if price can stay above close above 21 41 You should see a move to 21 53 out there with regard to natural gas Let's just go pull up the futures contracts here and it will change screens momentarily and What do we have so in natural gas The issue is what is the issue so here what we can see you've got Thirteen trading days left in this contract. We're going to roll over here Uh, shortly price right now, but what this suggests to us right now as we take a look at the february contract Uh, this is uh for tucker is as long as price close about 398 You should see a run to four dollars and 36 cents out there That's the top of it's in essence top of its daily and weekly profiles Your price can close above that then you've got to change in trend signal on the uh, march contract out here You don't have that same message right now Price is trading at 383 The level that it needs to close above is 3.843 out there and if it doesn't close above that It makes the Bottoming signal Suspect so watch three dollars and 84 cents for the march contract for natural gas. 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The target first mortgage program may be just the program for you The target first mortgage program pays 7% 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 Welcome back folks so I believe I was on the wrong screen when we were covering the 30 minute charts there earlier So I've got those showing right now so you can see those patterns that are out there You can see their target levels See what's your above the profile levels which each of them are right now And the only next area that I've got would be to take a look at a swing point But really the TD9 breakdown levels and those are the targets right now 46, 67 to ES, 15, 657 to NQ, 36, 127 to Dow, the Russell would be 21, 79 I'm not guaranteeing that price is going to get up there but those are the target levels And to the downside out here just so you know we do not have any kind of change in trend signal out here I'm not saying that we're not going to get it but what we don't have is a change in trend signal You do have two new profiles that are attempting to form, two new weekly profiles that are attempting to form The first one is inside the ES at your upper right hand chart Now I won't know, maybe I'll know this evening, it may not know until Friday Quite frankly because there's a weekly profile out here but 45, 49 is the level to be watching If we were to see a weekly close below that assuming that the profile takes hold That would be our change in trend signal, we don't have that Inside the NQ it's got a close below 14804, we're well away from that or we're quite away from that Inside the Dow the number is 34, 435 That's the second of the two four instruments that are attempting to form a new weekly profile With the bottom being at that 34, 435 level And inside the Russell 2000 at 2137 we're trading right now at 2148 So those are the levels that price would need to close below on a weekly basis In order to generate a change in trend signal and in order to generate the likelihood The likelihood that this is more than just a seasonal move down into the end of January And then a rally that takes us up into May, that is likely the pattern But the proof will be in the pudding, and the pudding here are the bottom of those weekly profiles So folks, you and I, we did our job out there We took a look at the markets, we took a look at the patterns out there And we've let them unfold and it's helped us to identify at least that we've got a bounce That is most certainly confirmed and underway Stay tuned folks, we've got two more great hours left, I'll see you tomorrow on Terrific Tuesday Have a marvelous Monday