 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 March 4th, the fantastic Friday edition of today's Trader's Edge show. I'm your host, Steve E. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. 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. We do not make that one little two-by-four ship. Well, it means we can find the gift. In every set of circumstance, that life is going to toss at us. Now, today, you and I, we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I just past one o'clock in the afternoon. I do want you to know that I'm absolutely grateful for your presence here. More important than that. And that's this. During this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on in at 877-927-6648. And if you can't dial in, hey, we've got you covered there, too. Let those figures do the walking. Go ahead and send me an email. Send it to Steve at tfn.com. And inside the subject heading, please put radio show question, of course, in our Tiger's Den. Well, any and every ping will do. So let's go ahead and get this show started on fantastic Friday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to less show right now. We've got all the industry. Well, I take that back. We got slightly mixed bag out. We've got the transports are up 23 points. The other indices are trading to the downside, the dollars off 155, S&P 25, Nasdaq 109, Russell's off 26, Semai's down 49, Gold's up 29 bucks as well. Now, that we had, I said that, what I said, I said 49. Well, maybe it'll be up 49 bucks by the end of the day. I'm just kidding. The semis were down 49. Gold is up 29. Silver up 55 cents. Light's recruited up 455. Natural gas up 21 cents. The 30-year treasury up two full points. Trade out at 158.24. Lead the charge dollar-wise the upside. You've got Broadcom up 26 bucks. Fair Isaac Corp up 20. Northrop Grumman up 21. Aberdeen standard. Palladium up 19. Palladium seven a big day. Regeneron is up 12 bucks. To the downside, it's as-and-well holdings off 37 bucks, 6% Shopify, 35 bucks, 6% SVB financial, 34 bucks, 6% Amazon, 33 bucks, only 1% there. And HubSpot is off 28 bucks Rooney. So let's just talk about what's going on right now so that you can, we'll just give you the quick play-by-play here. What I mean by that is we're just simply going to go take a look at those short-term timeframe charts. So earlier this morning, about a couple hours ago, 11.30, is when we got the first bottom signal. That bottom signal came in on the Dow Equity Future contract, YM, the NQ, and the Russell 2000. We didn't get a bullish reversal candle on the ESMini, but then right after that you get a bullish structured profile for the 30-minute timeframe. And right now the ESMini is taken on that resistance level. So the level to be watching here for a further clue is 43.2650. If we get a close above that at 130, that's going to suggest we move back to the most recent high. That most recent high will get us back into 43.61 level. In the case of the NQ, the top of the profile that it's gunning for is 13954.75. If price can close above that, then that says we get back to the highs overnight at 330, that would take us into the 14.060 level. In the case of the Dow, the Dow is already above the top of its daily profile, above its 30-minute profile. And that says it's gunning for 33.673. 33.673 is its TD-9 Cal breakdown level. If price gets above that, well, then it just has a smidgen move higher into the 33.746 level. But if price gets above that, 33.746, write that down on your pad of paper, then that's going to say price get all the way back up to 34,000. That's not what we're saying. We're saying you've got to take this stuff one step at a time, understand where support and resistance is at. That's why we're taking a look at these 30-minute charts out here. If you look at the Russell 2000, you get a nice rogment to mid-to-counter bottom. Price is trading with inside its bullish structured profile. Suggest that price should go target 2018 out here. That's the top of its profile. If price get above that, then the next target would be the high from 3.30 this morning. Again, that's up for it. It's up at the 20-2850 level out there. So that's what's going on on these short-term timeframes, which is really the play-by-play analysis, which is what you wanted to understand. So the point here is that markets are moving lower. You don't know whether they're going to continue to move lower or not. What is an easy way to assist you with understanding that or when a bounce is going to take place? And I would say it's learning these tools out here. Tools that I teach, you just subscribe. If you subscribe for 29 days, it costs you a zippo because you're going to have access to those workshops out there and you're going to put this to work and assist yourself in making those decisions out here. So it's the same thing of what you and I look at each day when somebody calls in or sends in an email asking for a question. We basically go through the same process each day, just that the levels of where the buyers and sellers are at are different and whether the instrument is bullish or bearish and so forth. So right now we've got just a countertrend rally. We would change that opinion if these key levels of resistance fail. Jimmy D says short covering, taking profits. Hard to imagine any real organic buying other than passive fund auto buying. Well, we don't know about that. Do we, Jimmy? I mean, right now what we do know here. So let me just throw out the other side of that thought process. If we take a look at this screen, not the screen that we're on right now, but let's just take a look at this screen, the main screen, the main vein out here. What do we see? Well, we see a lot of red. We see a little bit of green, but the green that we see, you have the US dollar index. Where is that out of my chart? Up 749, 74 cents out. That's a big move. Now I've got a 10 minute delay there, but what we see is that in the so-called flight to quality is in the US dollar. Take a look at the 30 year treasury. It's up two points. That is the same thing as buying the US dollar out here. So you've got this rush to US centric things. How long that's going to last? I don't know. Certainly gold is moving higher out there. So it doesn't really care about the US dollar, which is really a point I've tried to make, you know, a gazillion times out here. So yeah, you could see European desks maybe taking some positions. But here's what we know. This is the Roadsman Dominicator signal is when you push the ball down too far or push it up too high, it's not sustainable, and you're going to see some type of move. So I don't know if it's short covering rally or not, but on an interday trade, if you're using these tools here, you would at least be able to understand what the market is doing and why and where is it likely headed to from there. So I don't know if that answered the question. I know that I can answer the question for you, but it is something to think about and something to consider. So speaking of questions out here, we've got a minute before we get to the breakout here, but let's go to our first question, which is coming in from David H. And David wants to take a look at Southern Copper, SCCO. But let's do, let's spend the next minute here and take a look at Copper, which is breaking out big time out here. So let's get to the Copper charts. Give me a moment, we'll pull it up. We'll just take a look at this set of charts. So what Copper has been trading in for quite some period of time, we go back to 2005 basically, and what we'll see here is a very large consolidation. That's on the quarterly chart. And what Copper is doing right now, it's trading up towards the top of that consolidation pattern. It probably should be, the top of this should be moved up just a tad higher. And if we do get that breakout, which we may and it looks like we may, but if we do get that breakout, then that's going to give us a measured move. Now on the shorter term timeframe, the monthly chart that I've got out here, that would get us into about the 560-ish type level out here. But here's the deal. There's nothing bearish, David, but look on a long-term basis on that quarterly profile, quarterly chart out there on the bottom, we've got this large consolidation. We get back to this break, we're going to go take a look at Southern Copper, which is having another spectacular week. Steve Rhodes with TF&N. 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 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 TF&N, 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-based scanner. 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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 Call now! Toll free at 1-877-927-6648 internationally at 727-873-7618. It's level of support is at 490. The 120-minute time frame chart if we were to get a bearish reversal candle would confirm a rogement and indicator top. But this is not going to complete until 2 o'clock, I believe. My 2-hour chart is not going to complete till 2. Nothing to be concerned with on the 240 and you aren't bar number 9 on the 5-hour chart. So we are getting some shorter-term or intraday type topping signals out here that just suggests some type of small retracement perhaps or something along those lines. Otherwise, everything here looks very good. Now let's switch over and take a look at the Southern Copper chart so we can answer the other question or questions that David has. And basically his question is where is resistance here? Resistance is pretty simple. It's at 7916. That is the top of the monthly profile out there. Do I need to look at anything else? Let me do this here. We'll go to the 8-panel charts so I mean I can find them for Southern Copper. So give me a moment. We're just going to switch back there. But here your resistance level is 7916. We'll go back to the 8-panel version of Southern Copper out there. And what do we have? The weekly no signal at all. The daily, I do have wave number 7 potentially an arrogement to indicator signal that's triggered. Really this looks good unless we're to get a bearish reversal candle out here. You do have a TD-9 count top at a 995-minute chart. That suggests strong momentum move to the upside. The 60-minute could form a TD-9 count by about between 130 and 230 out there. That's the only thing really that I see. Yes, some short-term topping signals on a 15-minute basis, but we'll just kind of consider that noise at the moment. But Southern Copper longer term looks pretty good. So David, thanks so much for writing in and have a fantastic weekend. Speaking of fantastic weekends, I'm David Martínez, California, and see how Brent is doing. Brent, thanks for calling. Thanks for holding. How are you today? I'm doing great, Steve. How are you? Good. So I think our guys wrote the symbol in incorrectly, or I didn't but this says GGD. What is it that you would like to look at? A D at the end instead of a D. A GGB. GGB is the ticker symbol, which is do you tell me what it is? I figured out. I'm not sure if that's right. That's what we're going to go with. That's what we're going to go with. Tell me what you're doing and how I can best help you here. What's the information that you need? Well, I've been in and out of this a couple of times. The most recent bought in at that February low, and then at 4.58. And I guess my question was, it looks like we were just a little tiny bit light on that swing point high on the daily, but it looks like on the weekly it is going to surpass it with enough volume. Not that that's make or break, but that's encouraging. I just wanted to know any other levels to the side that I need to be watching. So you're absolutely right. Now, you don't see the volume on this chart here that you're looking at folks, but you can see the swing point that Brent is referring to was one from February 11th. And it right now has 65 million shares in that swing point at volume of about 51 million shares out there. So you're taking that swing point out. That's a beautiful thing. That's like an A to B C D to the upside on a your above profile levels. The next profile area of resistance for use about 602 603. That is the center of its bearish structured area. Now it's a fairly wide bearish structured area, meaning the resistance zone is between about 603 to $6.96 out there. As we look at the daily time frame chart out here, I don't see any kind of a topping signal. You're going to form bar number four of a TD nine count. So nothing there. The next level of daily resistance is really up at 703. So we just need to see if this forms any kind of topping signal, but there's nothing in place today. And I wouldn't imagine we would see anything for another four trading days out there at a minimum. The 195 minute chart says you could be getting ready for a time out. It is forming the bar after bar number nine, but TD nine count. But as I take a look at the other inter day time frame charts, not really getting any kind of confirmation that that's going to turn into a topic could most certainly see some other confirmations on, let's say, the 30 minute chart, the 65 minute chart out here, even the 15 minute chart. But that's that's so ultra time frame. I don't want to focus on the 15. So Brent, everything here looks really good. I'll just any questions about these white panel charts that we're looking at? No, I think that's it, Steve. I just really have some catching up to do with, you know, Valley and some other ones to get in the same area. Their charts are completely different. This has been in my mind kind of a laggard and it's a better company fundamentally. I mean, Valley's got issues with that, you know, dam that broke and killed a bunch of people on that site. And that's why I had some trades in that, but I was really concerned about the liability with that. This doesn't have any of that. I just, I think this has the potential to kind of play some catch up. We'll see. Well, we're just what four days into the trading session for the month and the swing point that is gunning for is May of 2021, which has 469 million shares and you're already at 56 million shares. So I, you know, the quick math on that says this looks pretty good. Yeah, I think it has potential. Really appreciate it, Steve, just have yourself a great day and enjoy your weekend. You bet. I imagine we'll talk to each other soon. That sounds great. As always, thanks for calling. That's Brent in Martinez, California and folks I'd love to hear from you as well. So you can always give us a call at 877-927-6648. Let's go to our next question coming from Tim and Tim says, could you please take a look at Microsoft? So the answer there is absolutely MSFT. I'm getting that running up on our eight panel screen. It'll take just a few minutes for that to pull up. But meanwhile, we'll take a look at Microsoft on the black panel screens. The question I'm looking to put on a neutral bearish position using options. I'd appreciate your thoughts about the outlook. No pun intended for the next 45 days. OK, well, let me let me give you the what it's doing here. 45 days. That's like I am looking for that crystal ball and I ordered it a few times and it's basically defective. But here's what we can tell you about Microsoft. Number one is trading back into its swing point. This is the swing point from February the 24th out here. Volume there are 56 million shares here. It's 17 million for the day. So it's pulling back on light volume. What likely this is to do is to at least pull back in test support. That's as long as it closes below even though it's on light volume. As long as it closes below the high of February 24th, which is 295-16, Tim, even though it's on light volume, it would really suggest to you and I would get back in test support. So the first level of support would be 283-26. That's the bottom of the daily profile. The price close below that, then it's likely to go back and test those lows from February 24th. And that's at the 271-52 level here. You can see the nice descending trend line that's in it. The price is going to have to take out that descending trend line to then suggest that you can get a move to 310 out there. So you're trading in a range right now. Support 283-26 resistance, well at least 297-94, but a little bit higher because of that descending trend line. Steep road with TFN and we'll be right back. We'll finish looking at Microsoft for Tim Amp. Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex Predator in the trading markets and join the Tiger's Den Trading Room only at tfnn.com The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. Subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our TFNN hosts live during their shows. 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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 Chart today by visiting TFNN.com This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com Back folks, so now we've switched over to our eight-panel chart for Microsoft for Tim to be able to take a look at it here. And, you know, one of the first things that you should notice, and that's what makes really, you know, this chart, some other charts out here, somewhat complicated to interpret. As you look at this chart, this is now going to complete a TD9 account bottom. Now what we know is that the low of that pattern here, Tim, can occurs on bar 8, which in this case would be the case, bar 9, or it could be the bar following 9. So we really won't know until the end of next week if the low from last week was that pattern is bottomed, or is it a low from next week out there. Price is trading below the bottom of its weekly profile. That's a 296.53. So that suggests that we could see price move lower out here. If you look at the daily timeframe chart, you can see a nice TD9 account bottom that it formed out there, Roadsman to Mindicator bottom, and your real level of resistance, well, first is going to be high from yesterday, which was up into that, which was up right up into that descending trend line. The descending trend line is not shown on my white background chart, but that level of resistance is important for you, and that's up at the 303 1213 level, 303 13. If price were to get above what you were planning, you would expect or anticipate that it would make a move to the 309 12 level, that's a TD9 account breakdown area. 195 minute chart has a TD9 account bottom, 130 minute chart, the same thing. The 65 minute chart, forget about the bottom that formed back here a couple of days ago, you have now have a valid TD9 account with a oscillator and change line that has changed colors. So the 65 minute chart says price and that line have a date with each other. Now I don't know if it's price movement sideways, line movement lower, but there is a date and that's where you will get a piece of information, Tim. If you get a test and rejection, it says price should have lower, retest the bottom number 8 of this pattern, or get back to its breakout level of 280 71. The 30 minute time frame chart, probably there's an A to B equal CD to the downside, price ran into resistance 292 47. You want to keep an eye on that level, price is above that, suggests to move higher, and so that's really all that I've got. So you've got valid, here's the issue with regard to what you're saying, neutral to bearish. That's really the way to look at it, because you've got really a bunch of valid bottoming signals out here and price pulling back with a light volume. So Tim, I hope that helped with regard to the information. I know you wanted to know what's this going to do for the next 45 days. That is beyond my pay grade. I wish it was. I keep trying to practice to get up to that level, but I don't have that type of vision as to what the markets are doing. Let's go to our next question. This one coming in from LB. Lee, thanks for writing in. Good afternoon. Can you take a look at Uranium and give me your buy in a point. URA is a ticker symbol that we're going to go take a look at. URA so let's go see what it is doing. Let me fire that up. Sorry on this white background charts as well. Uranium right now is trading out at 2296. So you're asking for a buy point. I'm going to switch from these charts here. Go over to the black background charts. I'll keep my eye, one of my eyes, my third eye on those white background charts. If anything is significant that shows up, we'll go take a look at it. So we take a look at Uranium and get rid of a couple other patterns that were out here. There was that measured move. It broke that consolidation and made that measure move to the downside. Now what you have is really price, Lee, is trading in between trendline support and trendline resistance. Yesterday was basically hitting trendline resistance. Maybe this is going to pull back to trendline support or the bottom of its full-structured profile. You ask for an entry area. It would be between 2045 and 2103 on a pullback, and specifically on a pullback less than 2.7 million shares. That is a trading day from February the 24th out there. So far today on the retracement down, you have 4 million shares. So it's pulling back on pretty good volume. And it has not tested that swing point. So it looks like it's really gunning for that swing point of February 24th. But your buy point out here from a daily standpoint would be that rising trendline, the full-structured area. And I really don't think there's anything else. I mean, I'd like to stay here and talk about ticker symbol URA. But there's nothing real. Oh, I take that back. I take that. So here it is. So what's uranium doing today? Let me just change panels instead of pull that chart over. It's a daily time frame, Tim. So that third eye, see third eye blind is very good out here because it's a daily time frame. I'll expand out the chart. What my eye saw was that price was testing its oscillator and change line after recently changing colors. So depending on how aggressive you want to be with this, again, it's pulling back with volume out here. But price right now, this is a bullish test. And it's not like we have a topping signal. We do have that resistance of the TD9 Count breakdown level 2452. We haven't gotten too consecutive closes above that. So you know where your defense is at, whether price get through it or not. Right now, the range is at oscillator and change line at about the 2452 area. So depending on how aggressive you are, this is a bullish outcome. Now let's take a look at the intraday charts here. So I said we weren't going to, but now that we have that, we just need to look and see if there's anything of significance here. And there's not. The only thing of significance would be on the 15 minute chart. And this says that price needs to close above 2331. That's the gap from this morning to the downside to suggest that this thing wants to move higher, fill the gap, and so on and so forth. So back to the ideal setup is between 2045 and 2103. But the daily chart right now is saying that this could be a buy point. So Lee, I hope that that helps you out. It is the best that Stevie can do for you. Doug writes in and Doug says, hey, Steve, I have a long position in GD general dynamics. So let me get that flowing up here. Let's read the question. Let me actually get that on the black background chart as well. GD and it would like to know where I should move my stop. Do you see GD moving higher or dropping back into the lower range? Well, general dynamics is in full breakout mode out here when I take a look at the charts. So Doug, what I mean by that is a couple of months ago you negated a TD9 count top, you're in bar number four, you're above a green oxygen change on, you're above the profiles. This is bullish. The weekly chart. There's nothing bearish about that. You're in bar number four, you're above the weekly profiles. You're above the green oxygen change line. Boom. Yesterday was a close above the TD9 count top on the daily time frame. That says strong moment to move to the upside. That TD9 count lasted for one day. That's a strong moment to move out here. So general dynamics is moving higher. You asked where do I put the stop? Here's what I can say. Is the average true range over the last 10 trading sessions is $5.59. I would multiply $5.59 times 1.618 and I would place a stop underneath. I would take the close of the day, less that amount, whatever that is, $5.59 times 1.618, that probably comes out to $10.50. I don't even know if that's close. But that was just a guess. So let's just say it's 10 bucks. And if the close were 243, I'd make it at 233 as a stop. So that's just a general way to take a look at it. But boy, look at the charts out here. General Dynamics looks very strong. So congrats to you, Doug, out there. And I would stay with that trade. Next question coming in from SATP. And SATP wants to take a look at LUV. I believe that is the airline. Is it not that Southwest airline? And can you please take a look at LUV and FAS? Now that's the 300% move of the XLF. So we'd look at the XLF. It's suggestive as a short-term bottom and interlong for a swing trade. So we take a look at LUV out here. LUV generated a TD9 count bottom on its weekly basis. This is nice right back here the week of December 24th. And now price is pulling back and testing its bullish structured profile. So we'll go take a look at the volume on LUV just to see what it's doing on a weekly basis. But a potential entry point is at 40.07. Which it has hit this week. Maybe it hit it today. Yeah, I think it was today. A potential. You have a TD9 count that's going to form today in LUV for the daily time frame. The lower low could come on Monday. That'd be at 39 on 64. You've got some inter-day time frames that are showing some merit to a bottom. Well, let's look at this a little bit further when we get back to the spring. Steve Rhodes with TFNN. Are you in the market for buying or selling real estate in the Bay Area including the surrounding Petersburg Tampa and Clearwater markets? 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Visit DirectionInvestments.com slash Biotech today. An investor should consider the investment objectives, risks, charges and expenses of the Direction Shares carefully before investing. The Prospectus and Summary Prospectus contain this and other information about Direction Shares. To obtain Prospectus or Summary Prospectus 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. Welcome back. Welcome back. So we're taking a look at Southwest Airlines. It's got a nice TD9 count pattern that's going to complete today for the daily timeframe and that means it's going to be bar number 9. And we know that low can come on the bar following bar number 9. So as we look at the weekly chart, I'd mention that it was pulling back into support, which it is. The bullish structured profile. But it's trading back into that swing point from December the 20th that had volume of 40 million. You're in it already with 45 million. And so it likely is going to close below the high of that swing point which is 41.97. So I'm going to suggest even though you've got bar number 9 on the daily because prices still stop below the swing point low from December 20th that had volume of 12 million. You're pulling back today with 4.7. So that's a good thing. Wait till Monday. So you get that lower push, lower test that swing point, reject that swing point out there. And then if it's me and I'm making an investment in Southwest Airlines and I'm going through the SEC filings to see if you could find anything about what they may or may not be doing. Are they have they hedged gas petroleum out there for their for their airlines. Remember years ago they had some really great futures traders and they were making money mostly because of their ability to have hedged their fuel costs. And I don't know if that's the case this time or not out there. And if not in fuel costs are going to get higher and if price gets below the bottom that weekly profile not necessarily today well if it does today that's not a good thing you're already below the bottom of the monthly profile or structured. This could have further to go. Now when I say further to go if it closed below 39 64 I'm referring to like 30 30 would be the next area to look at. So just to pay attention I would wait until Monday before I did anything but I've given you the information that I have available to you and that's about it. You also want to take a look at the XLF you want to take a look at FAS but you've got to make that decision off the XLF so this is interesting the XLF has been hovering around its January 24 swing point this is the fourth time down that low had 169 million shares the next low had 143 the next low had 129 and now today we're at 51. So what the XLF is really trying to do is really hammer out a bottom out here but you know what you don't know here set is what kind of exposure still might be out there to some of these Russian markets and any liquidity issues that are going on you know banking this could be a interesting time but the XLF is held up pretty well. Do you have an actual signal to take a long position and I guess that's really the question out here. You know you're below the weekly trend line that would suggest a better buy might be at the bottom at 3573 I can share with you that there was a TD9 count on this bar right here this bar is from the trading day of February 24 that low was held again you're trading into a light volume out there I just think you got to be patient but look I want to give you the answer to your question you're saying is there a short is there a bottom in place or short term bottom it has the bottoming pattern but if you close below the low from the 24th then that all bets are off in price likely to lower and you're looking at 3573 inside of the XLF that would lead to lower price well at FAS I think that's a long one right and FAS might be the short one I think you're looking at FAS because you're looking at the bottom so I hope that helps you out thanks much writing in inside the Tigers Den we have a request to take a look at Rio Tinto RIO is the ticker symbol so let's pop that up on the screen here and let me see what was the question can we look at it you're long from 77 and you're looking to add to it so RIO is a ticker symbol taking a little bit of time to load on those white background charts Rio Tinto right now is trading at 84 bucks even Steven what I can share with you before all these charts here get completed some above the top of the daily up above the weekly up above the monthly profiles so that looks pretty good you're in at 77 you're looking to add to a position so I want to see here is there some well then Rio Tinto's add that position might be today so here's here's the fly in the finance why might it be today well might be today because you have a roadsman to indicator top because you have this gap down prices moving higher do less of energy for prices gap right down into support the green oscillator and change line so as long as this level holds this levels 81 22 that could be a buy point not much of a pullback out there if that level fails then Rio Tinto would be signaling to you and I that price might pull back in the 75 48 16th level you've got a TD 9 count top of the 195 price below the oscillator and change line the bottom of its profile that says as long as price remains below that that we could not show in the right chart sorry thank you Mr. Bill the see that third eye came in handy out there thank you very much you got to love our wing men and women out here and now we've got those white background charts and I can see price pulling back gapping down that falling window that gap to but price also finding support the oscillator change that so really the signal right now Mr. Bill the signal out here is is neutral but you get below the oscillator and change line it changes from it doesn't it's no longer neutral it says expect or anticipate a further retracement that's really the message of the 195 minute chart that says prepare for 77 10 now that gets back to your entry area so you certainly want to keep an eye on this oscillator change on the daily time frame that's where you know the other interday charts that show tops don't show any kind of bottoms at this so I'm going to go with a you pull back in the daily time frame but the under the covers it's saying there may be some trouble out there so what I would be doing because you're in a 77 10 is the average true range is $2 and 40 cents so I would be making sure I've got my stop in place 240 I like to multiply times a a Fibonacci expansion number on more volatile time periods the larger Fibonacci numbers what I would use 1.618 you could use it from today's clothes you could use it from yesterday's clothes just to get a feel from from where you're at out there but if real tento closes below 81 22 you should expect and anticipate some additional move lower so hope that helps you out that was from the Tiger's Den the next question coming in from Rich in Oregon rich says what you're charting indicating for Devin energy and so let's fire that back up here on these white charts the question goes on the energy company seems to have stalled here versus other oil and gas companies ok doki dvn let me get this out here in my black background charts while it's updated on the white it's stalled a little but it's still bullish rich although not shown right now just yet it's above the top of the daily weekly and monthly profile so that's bullish out there nothing wrong we take a look at the bar number eight for the month this month so you can you know we could have a top this month but you need next month to really confirm that you are in a weekly TD 9 count out here so if price close above that high next week strong moment to move to the upside for it on a weekly basis no topping signal in the daily been moving sideways just testing the green ox that are in change line as long as it remains about 5796 that's very bullish close below that says price moves back to 5564 that wouldn't be the end of the world out here I don't see anything else that's going to assist us so when the charting system says this is still bullish and I know that ain't no bull it's just simply what the charts are communicating to you and I so Richard or god thanks much for writing and listening as always let's go to our next question this one coming in from J K J K says P P B P what is this P B P B peanut butter and jelly P B P B peanut butter and jelly so what are our thoughts about peanut butter and jelly I can honestly answer with you to that question to you not much it is not Stevie's favorite out there but the question is is peanut butter and jelly in an A to B equals CD up pattern so we get back to this break we'll go try to answer that question Steve Rogers you have an M back in a few 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 TFN N you'll get advice and guidance from the authority and technical market analysis and it's not just dry 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Petersburg, Florida your investment can be anywhere from 100,000 to 500,000 you want to make 1,000 per year on 100,000 invested or 7,000 per year on a secured 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 alright folks three questions two minutes ago PBPB Belly Corporation the question is is that a ABCD pattern that takes up to 12 bucks the answer is no there's no A to B equal CD pattern really that's in play out here the retracement from the B to C leg on the daily time frame was 86% that's no A to B equal CD pattern but I can share with you Jay is that price is trading right up in a resistance of it's bullish bearer structured weekly profile 614 you don't have to close above it this week if you did close above it this week that would be a nice saying it suggests that you had the higher price higher price would mean $7.22 cents out there the daily you can see it's got a nice TD9 count bottom your bar number 5 so price should continue higher you took out yesterday and today it's TD9 breakdown level 588 so it's really this weekly profile if you can close above that then you should get a price target of 722 so that's what that ticker symbol is telling us the next question coming in from Mimi Mimi wants to take a look at the energy sector what certainly has been on fire and her specific question is does the XLE show any kind of a topping signal out here so we're going to wait for that to populate please populate quickly for Mimi because we're going to be headed to a although the show is going to be over so come on oh there we go see now you've got I'm sorry I'm doing really two things at one time the editor question Mimi the answer is it has one potential topping pattern and that is coming from the weekly time frame which the TD9 count top this is the bar following bar number nine we begin trading we close above next week this week's high whatever that is it'll negate that pattern till you still tell you about a strong momentum over the upside what's not being supported by that weekly TD9 count top is the mere fact that we don't see any kind of intraday signals to suggest the top in place as we speak is certainly on the daily time frame so hope that helps you out the last one was union Pacific we just have a few seconds to get to that let's go to the black background charts for it union Pacific the question is can you give up the specs about going long you and me look you would be chasing prices above the top of its daily weekly and monthly profiles out there so you know if you're looking to get into union pacific buy it on a pullback folks take two and you've got two more great hours left your favorite polar bear David whites up next how McBride will take us on home have a fantastic weekend and I'll see you on Monday one o'clock 8