 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes At 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge Now Steve Rhodes Good morning folks. Welcome to the October 13th The terrific Thursday 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 and the easiest way to do that Is to always remember that life is happening for us, not to us That's right. When you and I make that one little two-by-four shift Well, it means we can find the gift in every set of circumstance that life is gonna toss at us now today You and I we're gonna 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 at just past 11 o'clock in the morning. I do want you to know I'm absolutely grateful for your presence here The more important than that and that's this during this next 53 minutes I'm here to serve you so feel free to give us called 877-927-6648 Now if you can't call them, we've got you covered there too You can always let those fingers do the walking that means go ahead and send me an email Send that to Steve at tfn.com and just like John did earlier this morning Please go ahead and put radio show question inside that subject And of course if you're inside our Tiger's Devil any in every ping will do so Let's go ahead and get this show started on terrific Thursday. Of course. This is Tiger Financial news network. I'm Steve Rhodes welcome to the show right now I've got a mixed bag out there you get the Dow that's turned positive up 40 points The S&P is up 10 NASDAQ 100 down 92 Russell's off 5 submizer up 12 points right now Trends are off 71. We got a mixed bag gold is not mixed. It's down 18 dollars 16 59 is the print That's off a little over 1% Silver's down 21 cents over 1% as well 18 72 Lights recruit is up 84 cents natural gas up 10 pennies to 30 Treasury printed out 124 one That's down one a point and four ticks out there So you got the Dow that is just turned positive. So let's go take a look at its equity future charts See what kind of signals we can get from it if anything So momentarily we'll have the white background screens. We'll have multiple timeframes And we're gonna focus our eyes on the first time frame. That's a 10 minute time frame bottom right Why are we gonna focus on that because at 11 10? Less than a minute from now Bar number 9 of a TD 9 count top is going to complete now If we get a TD 9 count top that could take place by 11 20 or it should take place by 11 20 Because the top can't form on the bar following bar number 9 So I want to keep an eye on the 10 minute time frame chart because this will provide us with a Indication as to what the thousand 10th is now it's very possible that the pattern just simply gets negated And there's no stopping which would then tell us at least for a 10 minute time frame that it is in a strong upward momentum move We don't know that just yet. We do have a wide-ranging bar that's forming bar number 9 So I would expect that bar number 10 if you will the bar falling bar number 9 would complete and that would identify that TD 9 count top pattern now with that with that then should do is Create a retracement and the level retracement could take price all the way back to 29 042 or so I use that level because that's the 10 minute oscillator and change line and that number is going to definitely change as price moves Higher and lower as far as other signals out there other than maybe trying to create an a to b equal CD pattern I don't really know if there's enough of a retracement out here and plus I'd have to use the bottom I'd have to use the high and the low the same bar and Stevie hates doing that So 50 minute charts and helping us the 30 minute chart We just simply open this up to see what we've got out here for it Really not much there was a TD 9 count top that informed at 8 o'clock this morning And so price is able to take that level out It was the bar following bar number 9 that formed that top that high out there is at 29 6 18 So if price takes that out Sometime today that tells us about a further rally the further rally would be a target of 30,000 1 11 that's a TD 9 count breakdown area for the 30 minute chart for the Dow equity future contract 60 minute time frame. I don't see anything else out here helping us out nothing on the 120 that I see you do you may get a four-hour Roadsman to indicator bottom For the a four-hour time frame chart price did pull back this morning and where it found support was his TD 9 count breakout error That's both on the four and the five-hour time frame charts out there and the depth come back to the daily the daily right now If it closes one tick higher it will generate a roadsman to indicator bottom pattern. Why? Well, first of all prices are stretched And you've got the roadsman to indicator signal that's out there and Yesterday's high and low has already been exceeded. So if you get one tick in The direction the opposite direction of the trend out there, which is the downside Then you would have a key reversal bar now the Dow already has a buy the D point pattern That was tested earlier this morning I don't think price got all the way down there the low of that pattern from October the Third is at 28 635 today's low 28671. Yeah, so price never got down there Why is the Dow the strong of the links out the strong one of links out here? Mostly because of foreign capital foreign capital and I'm not talking individual blessers. I'm talking big bucks They want liquidity the Dow is where they would park their capital And so that is a very much of a possibility So if the Dow can close above Today I'd say if it can close above 29 360 then that would suggest a further rally No, it could may just be a rally at last between today and tomorrow Typically countertrend moves inside a market you would get moves in bars of two And so two to three bars out there. So that's what that would be signaling So you can see bar number nine already completed on the TD nine count The bar following nine is going to complete during this ten minutes. So we've got eight more minutes into that So that's the that's what I see when I take a look at the Dow I could be future contract and summary the daily bottom is still in place You may get another bottoming signal today the four or five hour charts their breakout levels have held that support the four hour Chart might generate a TD nine roads meant to mitigate her bottom pattern out there in the short term We're looking at a ten minute chart that's got a TD nine count top That should see some type of retracement where that retracement find support Which is at the 29 076 level or 77 level right around there is where it should find support if it doesn't find support there 28 965 would be the area to look and that's what's going on with the Dow equity future contract the semis They're trading up about 1% or 25 bucks out there. Let's do this here. Let's go take a look at the semis It may take oh they're already on the screen. That's a beautiful thing now Here we're getting a potential bottom signal We'll get that if in fact, this is where price closes today I don't know where the semis will close today But you can see at this moment at 1113 in the morning on a daily time frame you have a stretched market You've got that roads meant to mitigate her signal now the way that that signal gets confirmed is the at least to the downside a Bullish a signal would be a the cavalry arrives and that in means that we would see a bullish reversal candle Well, we've got that as long as price closes over the close of yet are the open of yesterday yesterday's open inside the smh's Was 176 57 were 178 49 So that would give you roads meant to mitigate her bottom that would then only suggest a move up to its oscillator and change line That's currently printed 182, but a price can overtake that then the signal would be a move up to the 194 another battle 195-03 a third battle at our fourth battle 197-08 and the last battle would be at 200 point three seven on a weekly basis bar number eight Looks like it will complete but bar number nine must complete next week out there for that to generate some kind of bottom pattern out Here and your bar number nine on a monthly time frame So the semis at least as of 1114 in the morning. They're saying to entertain the idea of a bottom Steve Rhodes with TF and N. We'll be right back coming inflation. We are purchasing powers eroded There's no better place to protect your hard-earned money than ain't gold This the gold flagship asset is the Monk Todd Gold project in the Northern Territory of Australia This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tail-one mining district This is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction This the gold just completed the Mount Todd feasibility study Which resulted in a seven million ounce gold reserve in a 16 year mine life All of this combined with the approvals of all major operational as well as environmental permits This this thing which is Mount Todd is an attractive dearest pot ready development stage gold project This the gold trades on the New York Stock Exchange and the symbol VGZ 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 comm the opening call newsletter is written by Basil 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 in stock prices Get the opening call newsletter by Basil 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 comm educating investors 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 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 comm and try mastering probability 30 days risk-free today TFNN educating investors toll free at 1-877-927-6648 Internationally at 727-873-7618 Welcome back up folks. So during that break we had the markets go mean and green out there So we started the show everything in the red We don't have everything in the green here as we speak right now and the moves in the market are slowing my system down So today Steve you might need to just simply talk slower While we try to pull up by charts and everything. So you've got the Dow. I don't know It's up maybe around 227 points my screen is kind of frozen right here But what is not frozen is the screen that you're looking at which is a 30-minute time frame chart for the SMH So we talked about the daily time frame that appears to be generated an erosement to indicator bottom We look at the 30-minute time frame chart. This is courtesy of Basel Chapman this form wave number seven That was at the gap to the downside this morning. That's off of the highs out here From back at about 10 o'clock in the morning on October the 6th now prices above This is a 30-minute time frame chart price is above the top of the 30-minute profile So the price target we're trading 180 62 should be 191 34 That's a 30-minute TD 9 count breakdown level now We had a request to take a look at yeah, how am I gonna do this? Okay? I know how I'll do this We have a request from John to take a look at bonds John is thinking of going long bonds now I responded back to John I have not heard back for him because I was more curious as to because the question was just Steve I'd like your thoughts On bonds looking to buy It's now the right time What I don't know with regard to with regard to that question is what's the length of time? Is this just a trade? Is this an investment or what have you so what I didn't share with him is hey I'll review these charts for you. I was hoping to get that information so that I could maybe you know Provide an answer relevant to the question versus just looking at the bond So here's what we do know on a monthly basis 123 30 is going to be the key number to watch if there's a close below that it will negate in one month That would be the month of October It's TD 9 count bottom and then John the signal would be you've got a strong moment to move to the downside Which I suspect is what we really have that is in play here on a weekly time frame chart You are in bar number 9 you are in wave number 7 We took a look at that on a 30-minute time frame chart for the SMH is out there But what you really want to see here on a weekly chart is not just the TD 9 count bottom But because you've got a trigger of a rose went to mitigator signals a bullish reversal candle to then excess that you would have Suggests that you would have a trade now that trade taken up to about the 128 30 128 129 ish type level out there the daily time frame chart still has a TD 9 count bottom It know I take that back it does not have a TD 9 count bottom Has a buy the d-point bottom and that remains in effect as long as price remains above closes above on a daily time frame 12330 that area has been tested and is rejected. There is a new profile that has formed So let's say John were to take a long trade here because we've got a new profile Yet what he'd have to consider is that you've got to say bear a structured profile on a daily time frame that has formed And so your resistance level between 126 127 and a half probably out there So is this a good trade knowing that you've got resistance on a daily time frame up there? Even if I could find a good short-term signal out here the answer is no So John I'm just going to suggest unless you're just a trader And then if that's the case and go down to some interday charts and trade it our bonds the things to hold and my answer to that is No, I would stay as far away from bonds as you possibly can out there But that's just Stevie's opinion and really it's the opinion of all the other traders out there in the opinion of the market If we take a look at where the 30-year Treasury and I actually I was surprised because I hadn't really looked at this We take a look where the 30-year Treasury. I'll change screens here has traded back to it's back to 2013 2013 in one year we've gone all the way back there So if we take a look at this the 120 406 level happens to be the high from the year of 2003 out there and I suspect what we're going to see is a run much much lower over time Inside of the 30-year Treasury out there. So I hope that helps you out John. Thanks so much for the request We had another request. This was for SNP inside the type. What about TBT? Yeah, TBT would be where you would be staying out there so You know the opposite to the a short side now what I would do if you're looking to enter TBT And I assume that that's what g-man's question is knowing that you've got this new profile out here And the 123 30 has held I'd be looking to sell at the top of that profile level That's what that's what I would be doing I would say no not now For the TBT because you've got that you've got that piece of information that is available to you So why don't we come back to that? Hey, by the way, I'll be recording tomorrow's show Between eight and nine in the morning out there So I do hope that you'll join me there And so the level that you'd be looking to sell into would be about 127 21 that is the top of the 30-year Treasury Current market profile so g-man. I hope that that helps you out now. There was a request out Well, let me close this down just simply I do mean close it down Just simply so that I can try to free up a little bit of speed out here And but I don't know where the issue in my system is coming from But we had a request to go take a look at Taiwan semiconductor TSM is the ticker symbol out here. So we've still got the SMA now The smh's have hit the key level of resistance so far in a daily time frame as long as these charts are up there That's at red oscillator and change line. That's a 182 37 ish out there So if there's going to be a market rally The summer is going to need to participate and the summer is going to have to close above that daily red oscillator and change line Out there even with the rose mint and indicator bottom because as long as price remains below that The signal is basically neutral out there now. Let's try to get the TSM charts up here I don't know how long this is going to take to populate I was trying to get those on my black background charts and the system was just kind of freezing up so them and it's still Son of a gun Yeah, I don't know what's going on. So hopefully this here Populates and I wish I were a good uh, there we go. So we've got this going here So well, we have today. So this bottom a couple of days ago With a well, let me see. Did we take out the low? Two days ago. The low was 62 62 today's low 62 32 so wave number seven bottom Pattern out here on the daily time frame for taiwan a semiconductor price right now is regained It's red oscillator and change line and as long as smp as long as price closes above 67 to 45 Then it has some sellers up top those sellers You're going to be four different levels that I'll provide to you the first level is 71 29 That's the bottom of the current daily profile The second level is the center slightly bearish structured profile and that would be a 73 11 The safeties they're sitting at 74 93 and the end zone out here is at 81 14 That's a td9 count breakdown area out there. That's on the daily time frame Let's see what taiwan semiconductor is doing for the weekly and the monthly now If this were the week if this was uh, which is obviously it's thursday But if this was friday 4 p.m Then on a weekly basis taiwan semiconductor would generate a rosement to indicator bottom because right now It looks like we have a bullish hammer candle No idea what this candle will look like tomorrow at 4 p.m But if you do get a bullish reversal candle on a weekly basis that would confirm a rosement to indicator bottom You still may have a bottom out here because today or today tomorrow will Generate bar number eight of a td9 count And then next week as bar number nine would complete as long as taiwan semiconductor closes below 73 87 But if you get that bullish reversal candle today, you don't have to worry about the td9 count You don't have to whether it comes to fruition next week or not because you'd have a valid bottom Now 73 bucks even steven as we speak is where it's td9 I'm sorry is where it's oscillator and changeline resides at so price needs to close above that And then you'd have a battle at 78 27 and the 87 32 So your battle grounds need to see it close above 67 41 Then it will take on 71 29 then 73 11 then 74 93 And 72 99 that's an area. Well You've got you've got it out there. I think I do and hey look you've got a td9 count bottom It's likely to form on a monthly basis tsm will be right If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30 day money back guarantee So you have nothing to lose every monday morning I published a gold report with coverage of gold silver bonds the xa u h ui gdx as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com Don't miss out on the next great gold trade sign up today 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 guardleafs 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 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 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. So I'm trying to get my system kind of set up here It's uh, just been totally hosed by what the markets are doing out here So I know that the s&p is up about 35 points out there. I know that by taking a look at a television screen and uh Why isn't this thing starting here Okay, so we're gonna get that shot, but I do have the charts up here for microsoft So my ninja trader charts are working just fine. So the reason I went to take a look at what microsoft was doing Was because it still has not generated the bullish reversal candle It's not really able to do that today But if price can overcome its oscillator and change that we're looking at the daily time frame right now That's on the left hand side What we can see out here is that price is right up at the resistance level. That's it's a red oscillator and change line So it's about 230 50 the exact number is 230 40 8 out there not that that's going to matter And if price can close above that Then what you should see Regardless of whether this is confirmed to bottom or not would be a move up to the 237 13 or 241 08 level Now I would more likely suggest 241 08 on a weekly time frame You've got bar number 8 here that uh could or should form this week But again next week in order for bar number 9 to complete microsoft would have to close below 237 92 and you're at 230 32 monthly time frame has a td9 count bottom as well That's obviously not going to confirm until Until the end of october so let's do this one of the charts. I want to because I want to close these This might be hogging up a little bit of my System memory although it says I'm only using 42 percent and only 12 percent of the cpu's Very odd In any event out here if we take a what I want to look for is where it's where we at with market Breath so this is a 30 minute time frame chart this for the s and p 500 and right now We had a bear a bullish crossover that took place at 11 10 this morning You've got 254 instruments above profile 154 below that's for the s and p So that's a very bullish out here the nq or the n-n-asdaq 100 as we take a look at it Also bullish from a 30 minute time frame also crossing at about 11 10 this morning You've got 58 instruments above the top 27 below the bottom So the 30 minute profile out there is a 3 minute task mark breath. I should say is bullish So now has that led through to the 60 minute time frame? So let's go take a look at it and the answer is no The now let me switch over first the s and p 500 the answer there is no So this is be careful even though you got marks that are to the upside From a market breath standpoint, we still have more instruments trading below the bottom of their hourly time frame That would be 400 403 Of the s and p 500 stocks are trading below the bottom of their profile So it got to expect some selling out here I would expect some selling and you have 39 instruments above the top boy That is about as bearish as you can get maybe we can't get more bearish than that That's a 60 minute time frame. What's the 240 look like out here 240 has Dove 240s. Yeah 382 below 29 above man This market's got its work cut out for if we're going to get a couple day rally out there 34 above the daily 294 below the The daily profiles out there. Let's change over and take a look at the ndx 100 the ndx 100 Come on switch over Man things are slow and if we take a look at 60 minute profile out here. Let me get rid of this Oh, I'm sorry. I did have it the 60 minute profile This shows 11 instruments above the top 64 below the bottom on a four hour time frame What we have out here is seven above the top 76 below the bottom so let's take a look at close this out to see if we and um Yeah, let's get to the end. Let's get to the multi time frame charts and let's go ahead We took a look at the dow now. We want to go do is I'm sorry about that folks Now we want to do is go take a look at The nq out here So let's put up the nq charts. This may take a moment to populate But oops and it will definitely take a long time if I don't type in the proper symbol out here So there we go. So hopefully this doesn't uh, take too long You've got the dow is up 384 s and p's up 37 nasdaq's up 82 out here So we're waiting for these nq charts to populate We know on a 30 minute base where market breadth bullish and on a 60 minute time frame in 240 and daily and so forth We're market breadth bearish now on a daily time frame. We can see that the nq Right now is showing a key reversal bar the key reversal bar again where the prior high and lows have been exceeded That's a prior day Where you're in extended condition. We're certainly out with the roads momentum indicator signal That is in place out there and if you close one tick to the upside That would be a bullish key reversal bar now what the nq really needs to do It's made its way up to where a where it would find resistance the daily oscillator and change line That oscillator and change line is currently printed 10 987 That's a level that price needs to clear in order to suggest a move up to the 11 241 area The five hour time frame chart no bottom pattern that I've got here The four hour time frame chart roads momentum indicator signal price needs to close above 11 136 50 I'd write that down my pad of paper if you see a close above that pretty good Indication that we're going to see a further move higher two hour time frame chart Also trying to form a roads momentum indicator bottom price right now is trading above profile out there This candle is going to complete in 25 minutes out there So look currently 11 35 60 minute time frame 30 minute time frame I don't have any kind of a bottom signal out here What we do have so the nq on a 10 minute base remember we're looking at a 10 minute chart for the dow equity future contract We showed that td9 count We said you know based on that wide-ranging bar odds would favor that this would Form a td9 count top on the bar following bar number nine Well the nq the same thing out there and it just simply was negated right away So that tells us about strong momentum to the upside got the dow up for 30 out there So does look like what these charts are telling us other than this resistance level up here in the daily time frame chart We should see a at least a two-day rally two day rally would be normal out there confirmation I think would be again a close above the a move above close above 10 991 that's the current oscillator and change line for the nq Just looking see if there's anything else here that I should pick up for you Nothing that I see now it was a 60 minute time frame chart Where was a 60 minute time frame chart on the nq as well as the es that showed that massively negative market breath So here's the level to be watching that said 11 o 29 25 level for the nq In fact, I think this is the same level on the 30 minute time frame chart if i'm not mistaken I could be mistaken, but let me uh go ahead and open up the 30 minute chart. Yeah 11 o 29 25 that level Was tested rejected back at about 1 o clock in the afternoon that was on october the 11 So if price can close above that that's the next real key resistance level Then it would suggest to you and I that that market breath that we're looking at that negative market breath should start to Start to continue or should continue to weaken out there From the bearish side so 11 o 29 25 That's going to be the key level on a 60 minute 30 minute and 60 minute time frame That you need to see price close above and if we get that Then it says game on rally on and I would suspect I would expect or anticipate that that rally would last at least through Tomorrow, but that could be the end of it out there Okay, so we took a look at the nq no request that I see inside the tiger's den unless I've missed something Uh, let's take a look at the um, what do you want to take a look at? Let's go to the es mini as we speak right now Let's go take a look at see if I can provide you with some levels there to be watching out And a code will take a look at silver next then so thank you for that request out there Let's get the es mini charts out there provided with the levels to be watching observing for Uh, and then we've also got a request for nvidia from smp So we'll most certainly do uh, both of those uh for you But first we've got the es mini charts They're up on our screen the daily time frame showing that uh, also a key reversal bar And that would form a roge mental indicator bottom We're also in wave number seven as we speak right now that was generated today And so the resistance level here for the es mini 36 77 Uh, come on populate populate I'd have to do this when we get back to the breakout there when i'm looking for here It's kind of a similar td9 count breakdown level for its 30 minute time frame And we're over that right now. That's at 36 35 50. It's all going to be about the nq. Steve wrote with tf and n We'll be right back 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 tf and n dot 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 in stock prices Get the opening call newsletter by basal chapman in 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 Educating investors The technology around us is changing every day with so much happening that 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 tf and n dot 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 at risk-free today with our 30 day money back guarantee tf and n educating investors Are china a shares hot or not? If you trade china a shares now may be time to take a closer look trade chAU or chAD Directions daily csi 300 china a share bull and bear ETFs china a shares in either direction Visit direction investments dot com today an investor should consider the investment objectives Risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares To obtain a prospectus or summary prospectus, please contact direction shares at 866-476-7523 The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services llc This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Folks are we having fun yet? A stevie could add more fun if my data flow here was working nicely But luckily we are getting a decent data to appear through my ninja trader system out here You've got n bitty. That was a request inside the tiger's den from snp And uh, you've got a nice bullish reversal candle. At least as we speak right now. That's a big old bullish engulfing candle At least it's engulfed the last two days. Look like it looks like it's gonna engulf the last three days here Now you've got also wave number seven bottom Arrangement to indicator bottom and price above its red oscillator and change lines So snp On a daily time frame where n bitty It should target as 123 96 but more likely 125 77 if it's only a counter trend move Price will or should find resistance at 125 77 now on a short term time frame out here On a and that means the 30 minute time frame that we're looking at you've got wave number seven that formed out here You can see that again Very small part of the yet Chapman wave prices above the top of its current profile for a 30 minute time frame So its next price target is 123 31 the price can close above 123 31 That says a game on rally on on a weekly basis for nvidia You're going to have you well if it forms a bullish reversal candle at present It is a bullish hammer candle need to come back to it tomorrow But price really needs on a weekly basis in order to get some type of mojo closed above its red oscillator and change line at 131 43 monthly chart as in bar number nine of a td9 count pattern as well So i hope that helps you out snp. Thanks so much for the request kota want to take a look at two different things one was en vx Envx up on our system out there Um, i'm going to try to actually get it on my other system. See if this thing is working yet Yeah, the answer there is uh, yeah, not really Uh, sorry about that folks. They usually I don't have these speed issues out here But luckily we've got that that we do have back. Uh, we do have a backup body and vex at the closing the gap So if we take a look at a daily time frame out here Well, I wish I had my other screen up on the uh, because I could take a look at the well I can do it here So there is a b point of an a to b equal cd patent You've got to watch for kota and that's the trading day of september 29th And the volume there was 4.4 million shares if price were to close below 1687 you would have a can with that with vault with more volume more than uh, 4.4 million shares You would have a confirmed a to b equal cd to the downside now The volume so far today inside of this instrument is 2 million shares and only a couple hours of trading So it's got volume, but it is trading above that swing point. It is below profile levels out here. So this says just be careful be cautious Um, because it really hasn't proven itself. That's what the daily time frame That's what at least i'm looking at now. I realize that you're buying this gap here So the top of the gap this was a breakout level So I get that and that breakout level that's the high from the trading day of august 10th And that and that had volume of 5.2 million shares But you're pulling back into that with what looks like similar volume We really won't know till the end of the day, but the high of that candle session was 1633 the low this morning was 1631. So that's the close. That's the gap that he was referring to That he went ahead and bought but what you're now going to deal with here is you've got this resistance these profile levels and no bottom pattern To speak of other than coming back to that gap breakout area and that can't be a bottom most certainly Let's look at a 30 minute time frame chart. See if n e n v x has provided us with any additional information That could help code out the answer is it is most certainly got wave number seven here as well That's letter g and i code. I know you like uh following the chaplain wave That also generated a rose mint indicator bottom because that was a bullish piercing candle Now what price is dealing with is a profile level on a 30 minute basis You're looking for a close above 1758 if you get that that's the top of its profile Then what e n v x should do is run up to 1862. So that's the 30 minute time frame chart That was a daily chart out there I don't see a whole lot on the weekly and monthly For us to report to other than the weekly right now is finding support at the bottom of its profile And a source letter and change line, but you most certainly want to be watching that price level That's a low from september 29th um out there And uh that low is again 1687 Now you also want to take a look at high host silvers. Let's switch over take a look at the silver charts out here What do we know about silver? Well on a daily time frame? We know that silver right now is trading with inside its bearish structured Daily profile if silver closed below the center of that level the center of that level is at 1892 we're trading 1887 a closed below 1892 peak Which suggests that silver want to make a run to the bottom of its profile support down at 1823 On a week on a five-hour time frame chart All I have is price pulling back to breakout support 1864 no bottoming pattern So to speak but pulling back to your breakout area just like we took a look at inside of envx that can be a bottom No bottom signal on the four-hour time frame nothing on the two-hour time frame nothing on the 60 minute Nothing on the 30 minute nothing on the 15 minute out there So no bottoming signals here to assist us We just have right now a consolidation with regard to silver with inside its daily profile that runs ranges from 1823 up to 1926 So hope that helps you out with regard to those requests We've got another request out here This is coming in from hector and the fuel injector that fuel injector being patty and they want to take a look at Exxon mobile out here. So xom is the ticker symbol. Let's go see what it's doing Let me actually get back to his question And the question is that one's from ray. He wants to take a look at nordic american tankers Is looking for support resistance ray. We'll do that after we take a look at exxon mobile then Hector says happy thirsty thursday. It is a little bit thirsty Exxon mobile, please redo targets looks like 132 sooner than later. Thanks for taking us On the ledge as we almost sold. So now perfect So in case of exxon mobile right now its price target here hector should be the top of its daily profile That's up at the 103 32 level the top of the weekly profiles at 101 41 Um, let me make sure that I got that correct for you 101 37 101 37 So we're trading above that of course only thursday you'd like to see it close above that The monthly chart still has that td9 count top But it looks bullish because price is above profiles price is above sasseter and changeline So the next price target here for exxon mobile Assuming that it can close above the top of the weekly profile to get that weekly profile numbers one to 137 It would be 103 32. So hector and patty glad that you held on I would continue to hold on we're looking at energy prices that are going to be going higher Especially as we get towards a winter time out there Courtesy of all of the wonderful leaders that we have around the globe Yeah, so I would just stick with the exxon mobile out there Ray in sarasota you want to take a look at nordic american tankers nat is the ticker symbol So let's get that out here. See if we get this to him before we go to this breakout here and uh Ray's specific list specific question was just simply looking for can you give me support? And resistance for nordic american tankers. So as soon as this populates, we will be happy to do that Come on chart populate for ray. Come on. We've got 30 seconds. There we go So your first level of resistance ray is going to be its red oscillator and change line 281 The next level of resistance is the top of its daily profile 287 a close above 287 says that price should go target 327 327 is its td9 count breakdown level nordic american tankers formed a td9 count bottom It did that on october the fifth out there. So uh watch the 287 level clearing that says you're headed to 327 On a so 255 by the way is the bottom of the daily profile Your real support level has to be the low of that td9 count bottom That's at 247 on a weekly basis out here. What do we have? Not much. You got a td9 count top price has resistance on a weekly base at 297 support at 246 Ray, I hope that helps you out nice to hear from you And uh, I hope you were spared any issues with hurricane ian being in sarasota steve roads with tf and n We'll be right back Vista gold owns and operates the largest undeveloped gold project in australia the mount todd gold project Vista gold just completed their feasibility study resulting in a 7 million ounce gold reserve Vista gold has all major permits approved and has retained c i b c capital mark assistance in evaluating alternatives and in completing An accretive transaction. Vista gold trades on the ny sc american and tsx under the ticker symbol v gc Vista gold executing a strategy to create shareholder value 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? 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For a daily bullish hammer candle that would then confirm erodesment of indicator bottom You've got resistance between 19 five and a quarter In nineteen seven sixty five and that's profile resistance if price can close above 19 seven sixty five Then you're likely looking to move up to the 21 850 level from a support standpoint You want to see price stay above and close above 18 370? That's pretty much all that i've got for you for a bitcoin out here I don't think we need to look at the intraday Charts what we do want to do with the last minute or so that we've got out here Is go back and take a look at the daily equity future contracts out here and and that's because As I pulled those up on my screen What I noticed was the dowel had made its way up the equity future contract bottom left hand panel It made its way right up to the top of that daily profile where it met those sellers Those sellers are hanging out at 29 776 now I do not know the buyers that we've seen come in we've had pretty wild runs. We were up 300 before the Before the cpi data whichever data was released and we were done with 5 600 points now We're up 5 600 points. I think right now about 400 points But you've got those resistance levels to deal with that 29 776 now close above that would suggest a further rally The es mini is also attempting to form a new profile. I mentioned that during the uh During the intro out here and so it keeps coming back And what I mean by that is that tells us right now that support should be at 35 65 50 and resistance should be at 36 93 That's the top of its profile the es can close above 36 93 Now I want to have confirmation on both the dowel and the es mini profiles until this evening But right now we use the information that we've gotten a price can close above both of those levels the tops of those profiles It suggests that we continue to move higher at least through tomorrow I would say so folks stay tuned. We've got some great programming lined up I'm going to be recording the show at 8 a.m. So between 8 and 9 tomorrow morning Please join me for tea and crumpets out there and have a terrific thursday and stay tuned to all the great programming Here at tfnn. Take care. Be safe out there