 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-445-1044 The Trader's Edge Now Steve Rhodes Good afternoon from TFNN Welcome to the April 10th the wonderful Wednesday 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 of course the easiest way to do that It's to always remember that life is happening for us not to us That's right. We knew and I make that one little two by four shift It means we can find a gift in every set of circumstances that life is going to toss at us today You and I we get to go check on the circumstance of these markets We get to go figure out what the bulls in the bears what those buyers and sellers Are communicating to you and I just passed one o'clock in the afternoon I want you to know that i'm absolutely grateful for your presence here, but most importantly I'm here to serve you So feel free to pick up that phone dial on in eight seven seven nine two seven six six four eight If you can't dial in we've got you covered let those fingers do the walking send me an email Steve at TFNN.com inside the subject heading Please put radio show question and in the tiger's den. Well any ping will do So let's go ahead get this show started on wonderful wednesday. Of course, this is tiger Financial news network. I'm Steve Rhodes. Welcome to less show right now the dial off 18 points straight out of 26 132 The rest of the indices are in the green mean and green s and p's up five Nasdaq 122 Russell is up 15 points That is the leader percentage wise to the upside nearly one full percentage point gold is up a half a percent That's six bucks and change silver up five cents likes we crude up 70 pennies trading out at 64 65 Lead the charge the upside it is a auto zone 17 buck runes booking holdings Neck and neck race there. It's up. Oh, well not neck and neck. It's only up 12 dollars versus 17 Regenerate pharmaceuticals is up nine To the downside it is up wd 40 Apparently greasing the skids down four and a half percent or seven bucks and change wave life Science is off nearly seven dollars or 17 percent Humana down about seven lift off five bucks trading well below the support level, I believe Meaning the low from a few days ago. Yeah, there you go 66 10 out there so Happy to I won't say I'm happy to see that but when I was given a interview yesterday Uh, and for a firm down in the new york stock exchange The question was should I buy lift now and my answer was absolutely positively not lift was going to go test the lows 66 10 and possibly bust through it to create that a to b equal cd To the downside and that in this instance here is what I would say lift is doing But let's not spend too much time in an IPO that's been trading here for just a hand Full of days instead. Let's go take a look at the markets out here. So what are the markets doing? Well, the interesting thing here is we just uh, go take a look at Is this where we want to start? Well, maybe maybe not Let's start here and what I mean by here We're just using stevie synthetic contracts only because it's got everything Populated out here what you're gonna see and I don't recall if we covered this yesterday Maybe we did maybe we saw that there was a new profile that was beginning to form in the es many well It's there it's lock stock and barrel whatever that means what we do know and what it means is at the top of the box That's 2900 even steven out there is resistance and the bottom of the box 28 60 Is support you won't see a change in trend signal until you see a close below the bottom of a daily Profile all that's occurred here yesterday and this morning is a test of that point of control that point of control With inside that box that is we're both buyers and sellers believe there is fair value And they're all teaming up at the 28 76 level if we take a look at the nq She too or he too formed a new daily market profile Resistance there 76 33 the high today 76 30 Also price has only been able to push down to its center of the box its point of control 75 50 75 77 if in fact price could move below that level we'd be watching 74 63 Ain't going to be a change in trend until you see a close below The low of that box in other words price is just consolidating between support and resistance our number one numero uno Responsibility yours and mine is to be able to identify support and resistance why Well because in a uptrending market pullbacks of support are nothing more Than a retracement to support. I know it sounds kind of silly, but it's more than just silly It is downright great information If you take a look at the dow equity futures contract it too has a new profile that formed three days ago The top of that box is 26509. It's been the weakest link so to speak out here now Not so to speak. We're just going to call it the weakest link And but they weak as it may be There ain't no weakness in it until it closes below the bottom of its box bottom of its box is 26017 That's the number to be watching take a look at russell 2000 got the snot kicked out of it I don't know how you do that. I just know that it happened and when it did it We thought maybe just maybe it was going to form a new daily profile It did not even know that bar turned orange. It must have known Yesterday was just a fluke and there's nothing wrong with fluke is a pretty good fish But if we take a look at the flukeiness here inside the russell 2000 right now trading above the top of its profile Let's get rid of that signal at the bottom the top of that profile box Which is a bearish structured box out there is 157770 you're trading at 1579 right now Looks like the russell 2000 you just can't keep a good man down If we take a look what the russell 2000 did on an hourly chart out here We're going to see that when it bottom did form that td set up nine count It did it on bar number eight. It did that yesterday We always pay attention to bar number eight nine and the bar following nine that took place at 4 p.m Yesterday in the cash market that identified the bottom what you can see right now on a 60 minute basis Maybe this is just deja vu But if we take a look at deja vu we can see that at 1 p.m We got to count number eight Will that be the high in the russell 2000 or will it be bar number nine or will it be the bar after number nine? I don't know the answer to that what I do know is the upside target on this is that td st line That's that green solid line on your screen. I know you see two of them The one i'm referring to was from nine o'clock in the morning on april ninth and the high there 15 83 10 that's the real ps day resist zones now I will share with you that when you form this nine count should it form bars eight nine in this case here nine or the bar following nine and should that pattern form below this Resistance line that's what we looked at that green line out there Well, that would then kind of give you a one up spin To the sellers out there because price never made it back to its resistance level We don't know if that's the way that it's going to play out out here right now But we'll pay attention to it Both you and I why? 60 minute chart for the russell 2000 equity futures contract It's made the try a per high with that pattern and a low that we just took a look at We might as well pay attention to it The Taz profile scanner is the most revolutionary piece of trading software that you will ever try Wouldn't you like to approach the markets with confidence as you begin your trading day? 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That's a mining sector etf wise Out here and for for the mining sector. Let's go take a look at gold And first get our bearings around gold. What's gold doing right now? We can see here and take a look at gold in all the major currencies by major We're talking about us dollar euro yen and the great british pound what we can see here Gold is rising in terms of dollars gold is rising in terms of euros Gold is rising in terms of yen a gold is sideways to slightly lower in terms of that pound sterling So what do we know buyers buyers buyers and kind of just sitting there on the sideline? So that's a good thing now you've got gold right now This is the gold contract now. This is the this is this is my synthetic contract So I won't give you the number it's headed towards its center of its box out here That's going to be different though if we take a look at the gold contract. So let's go take a look at the gold contract Let's do excuse me. Let's go take a look at the june contract Let's keep our profiles out here I'm on populate and here you can see that the center of the box is 13 15 40 We're at 13 14 50 almost sounds dyslexic out there Which is a beautiful thing because you get to see things differently and then trading and investing Boy, do you want to see things differently now? What it was what it is what it be what we're looking at out here says this could be a level of resistance Or should be quite frankly It's the center of the box which quite frankly as I said frankly twice I hardly say frankly once in a day and now I just got it three times in a row But quite frankly let's go for a fourth out there that center of the box is truly in the center So this is a level where both buyers and sellers believe there's fair value Maybe difficult to get above that but getting above 13 15 40 Not by a penny not by a dime and not by a nickel But by several dollars would our points would at least go ahead and send price up into the 13 35 level Hey, it prices above the top of the daily profile now It just has to deal with those weekly those intermediate term Traders and investors out there, but it looks fairly good gold So if gold looks good and that was the daily time frame What is it that the gdx is doing out here and the answer is not much But if we do take a look at it, here's what it's doing. Here's what we know the gdx is above resistance That's the top of that daily profile. So just like gold is above the top of its daily profile So too is the gdx now where the gdx is likely headed to is it's all time hot not it's all time high come Slap me silly out there. It's 52 week high level and that was from the trading session out here of february 20th And that's between 23 14 and 23 70 volume up. There's not too shabby 62 Million shares out there last time price was up there was 58 million shares that looked like and there was a close into it On march 25th, the next day was only 41 million shares And then there was a rejection with lighter volume on march 27th that sent price lower as we know so volume wise today and there is a little gap out here that was Form between march 27th and the 28th out there But 23 14 looks like the target and inside there maybe 23 70 That's what the daily time frame is showing you and I now the weekly says 23 buckarounis even steven That's the top of its box. That's resistance out here. That's another level to watch 23 even And I mean steven because if it could see price close above that level Well, that would be another bullish thing. This is a bearish structured box being that center line at 22 bucks It's really 21 96 is closer to the top than it is to the bottom out here monthly wise Things are above resistance. All looks well there Now let's go take a look at steve's other charts because they've got other tools worth watching out here And we'll just start with the monthly since we began or since we ended with the monthly looking at the e-signal chart You'll see this little blue line out here. It's not really a line. It's dashes. Can you call dashes a line? That may have probably A type of a line but that line for line dancing out here is priced out at 22 93 You're trading at 22 90 closing above 22 93 that little that is a that is a little steve Resistance out there. You got to have some nice spices for your pizza pie And that is a key level to be watching on a monthly basis a close over that level says I want to move higher So we'll watch that when we take a look at the gdx But so far so good on the monthly time frame horizon for the gdx if we go look at the weekly out here You're going to see that green solid line That one's a solid one versus the dash and that is the resistance set up by that tommy to mark setup Trend set up a nine count. So that's your trend line. That's your resistance line and that's at 22 93 as well We've got a couple lines at that 22 93 level So we'll watch that it's trading up into resistance above resistance on a weekly basis is moi mucho What uh moi bueno, we'll just go with the moi bueno thing and now if we take a look at the daily time frame chart We can see we got a green line that steve's green line out there That means the price oscillator is above zero because price is above the green line So this too looks pretty good. We can see a little dashed blue line out there Identifying that next level of resistance. You're not going to believe it. Well, it's not it's not the price that I gave you On the other two instead. This one is 23 35 Those are levels that the gdx needs to overcome as it runs its race higher And as long as gold is moving higher so too should the mining equities So mr. Z inside the tiger's den That is my uh bisect and dissect of the gdx Let me know if there's anything else that you need out there Now peter in the tiger's den peter was interested in taking a look at the advanced decline data out here But if we take a look at it We're going to look at two forms of that advanced decline data The first one's going to be the ad line out here now This is just simply a summation going back as far as I possibly could in my charts out there So don't pay attention to the number which has 479,360 that's a doozy out there But what it is and how you would pay attention to that number is that number is above the all-time high Which is 479263. So you got the advanced decline line at a new all-time high. What do we know about that? Only once only once Once has the new york stock exchange made a significant high when the advanced decline line Was it a new all-time high? Something to think about if we take a look at the advanced decline oscillator That's taking a look at this advanced decline data and then just looking at its 19 and 39 day The difference between those two it's exponential moving average that gives us the oscillator Reading and that is back above zero yesterday. There was a slight close below zero And what you and I know is that on day two following that close You need to see follow-through because if you don't the interpretation is very easy buyers Always were in control. It was just uh yesterday was just simply a third down and long And you could see what they did today and they made that first down as that advanced decline The oscillator reading is above zero. Of course, this is an end of day indicator So let's not let the 126 p.m. Reading be the be all to end all But as we speak right now the advanced decline line. Well, peter It looks pretty darn good as does the advanced decline oscillator and we'll couple that with a spot ball utility index down below the 50-day exponential moving average level of 15 22 in summary There's a top the signals aren't showing it Steve Rhodes with tfnn.com We'll be right I'm certain you are or strive to be one of the best of the best at everything you do in life It's the most common trait that we tigers and tigers share If you're looking to become the best of the best when it comes to managing your money Let me teach you to do what most wealth managers tell you can't be done Which is how to time the markets I'm Steve Rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals Which have earned me the ranking as their number one market timer in the nation for the s&p 500 for the last 12 6 and 3 months timer digest also ranks me as the number one market timer for gold as well The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the Best in what I do sign up for mastering probability today By clicking on the newsletter tab on the homepage of tfnn.com and get immediate access to workshops Where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today The path of least resistance is david white's daily trading newsletter And if you're looking for active trading ideas then now is a perfect time for a 30 day free trial to this Powerful daily trading advisory service david uses his years of trading experience to offer his subscribers his trading ideas Each morning in his path of least resistance newsletter using a combination of equity trades along with options david keeps his subscribers up to date with all pertinent market information with Intra day afternoon updates when warranted Don't miss out on this great chance to get a 30 day free trial to david's daily newsletter The path of least resistance with no obligation to pay anything David has been delivering solid recommendations for his subscribers recently And if you'd like to see the type of newsletter he delivers every morning Then visit the front page of tfnn and you'll find the path of least resistance under trading newsletters For all the details and to start your 30 day free trial today log on to tfnn.com now Tfnn is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system david white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including 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 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. Uh, that was off about 10 points s and p's up Six, uh, let's go taste since we're taking a look at market breath. Basically advanced decline line Let's go look at something we haven't looked at for a while and that is the market breath based upon the tas market profiles Now what we have out here. This is 60 minute time frame Chart we can see that at 10 a.m. This morning. Nope it 11 a.m. This morning We saw a bullish crossover. What do mean a bullish crossover? So the green line and the red line and the top panel of my chart out here What they represent is the number of issues either trading above or below Their profiles out here. We could take a look at the ones trading inside which happened to be 121 issues As an example, there's 232 issues above the top of the box. So above resistance 140 below the bottom of the box out there that would be support So it gives you a uh an understanding Of the market breath and you have to say market breath Leans to the positive side 46 percent above and 24 within versus 30 percent below out here So on the 60 minute time frame, it's in bullish formation on a 240 minute time frame You are now getting a positive cross as well Now, of course, this is not the end of the day 155 above 28 percent or 142 below nonetheless at 131 in the afternoon. The reading is bullish out there That's important if you take a look at the daily time frame the last bullish crossover to occur It took place at 12 a.m That was on march the 28th out there So that remains bullish and if we look at the weekly time frame chart That is bullish too and that bullish crossover on a weekly basis That took place on the last one on january the 20th The 20th the 20th. Yes, january the 20th out there It was when that thing went to all out bullish mode. That is the s and p 500 But we've got more and by more let's go take a look at the nasdaq 100 We've got the nasdaq 100 a similar reading that's taking place at 10 o'clock this morning a bullish crossover on the one hour time frame Let's look at that four hour time frame never got to bearish It's been bullish all along that last bullish crossover taking place on march 28th. That's on the four hour time frame Daily time frame it has been in bullish formation since march 29th out there it had a brief respite where it was in the hands of the bearer said probably if you blinked You didn't really even see it and on a weekly basis out here that bullish crossover that took place on january 13th Um, so that's your market breath statistics We take a look at where instruments are trading above or below The bottom of their profile now. Let's not stop there either Let's stay with the s and p 500, but let's do it in a different fashion Let's do it by taking a look at the sectors all what is it 11 of them? That's right 11 not nine not 10 But the 11 sectors with inside the s and p 500 the technology sector xlk Continuing to move higher flirting right now. It's just a flurter with steve's green line Still looks good, but price is moving higher doing less relative energy That just says the hair on the back of our neck if we have any Should be standing up just a tad because it's always something to watch for But right now no Topping confirmation that's coming from your number one sector inside the s and p 500 number two sector I believe still is the xlv that's the healthcare sector This has just been consolidating sideways out here price remains above steve's green line It's green that says you got a rising price oscillator above zero ain't nothing bearish about that that is sector Number two and sector nomics if we go take a look at sector number three, that would be the financial sector You've got those guys being grilled on the capitol hill That's gotta be pretty fun out there because wouldn't you just like to be there going through that experience for? This takes could there be anything better? There could be the better would be actually being able to ask questions After you've been asked a question by a senator or congressperson after all don't they work for you and I Really? I could swear that the way this game works Is they work for both of us now? I'm not going to get political because if I do that you know That we could get off of track out here But let's just come back to the financial sector and see the prices trading above steve's green line out here No real topping pattern that we can see here prices above the top of its daily profile So we're three for three with regard to the sectors The top three sectors inside the s and p 500, but let's not stop there. Let's go to sector number four I believe it is the xlc. That's dealing with social media type stocks facebook and so forth What are we doing here above steve's green line above the top of the profile today? Could be day number eight in that td setup nine count, but no top there Let's take a look at what's going on inside the xly if we look at it It did form a td setup nine count top on bar number eight That was two days ago, but prices just pushed back to test support that steve's green line So this still remains bullish no wonder when we took a look at the s and p 500 And its market breadth that just really confirming what you and I are looking at when we look at the sectors now the industrials That generated a rose momentum topping pattern out here It did that when we had the gap to the downside three days ago in this case here We'd say that the xli the industrial sector likely had it to support its next level of support That would be 74 73 Let's not stop there. Let's go take a look at the utility sector. What do we have going on here? You can see that today was nothing more than a test and rejection of steve's green line That's at oscillator and changeline at 58 33 here price wants to pull back and test 57 41 as we get into these sectors though they start representing less than 10 percent of the s and p 500 Here's the energy sector just even though lights we crew it has had a heck of a move out here What the energy sector that's the xle is dealing with is that solid green line That was established by that tommy to mark set up nine count to the downside that level is 67 83 There's nothing bearish about the xle It just is contending with trying to take out a resistance area out there Let's go take a look at the xlp the xlp. What do we got here? All we have in the xlp was price More than a week ago gap to the downside pulled back and we did what Tested support a bullish structured market profile at 55 13 right now today is testing the top of that profile That looks like 55 95 give or take Out there because it's hide behind price at 55 86 But it looks like that's a level the key level of resistance is this dark cloud cover candle from the trading session of April day a april fools day and that's at 56 23 out there So nothing bearish there should we finish it off? Let's do that. Let's take a look at let's take a look at the real estate sector xle What do we have out here? Really not much just a sideways move a potential topping signal out here The price is moving higher to a less relative energy, but no bearish reversal candle yet So that looks pretty good and voila the end of it is xlb out here and if we take a look at it Still bullish still bullish above steve's green line looks like about 57 13 is what we will call it. So there is the entire sectors Readings of the s and p 500 and what we didn't see out here Is anything that had some kind of miserable failure going on? When we get back from this next break We're gonna go look at sugar No sugar tonight in my coffee Be right back If you are in the cd market and looking for a secure investment the tiger first mortgage program may work for you The security for these first mortgages are building lots in the tax opportunity zone in st. Petersburg, florida The tax act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits Which makes these lots valuable the investment is anywhere from 30 000 to 75 000 the interest paid is 7% yearly paid on a monthly basis According to bankrate.com the best rate for a four-year cd in the country as of february 20th is 3.1 A $50,000 investment at a normal four-year cd rate of 3.1% would give you income of 1550 per year or 6200 over the four-year period That same $50,000 investment in the tiger first mortgage program would give you 3500 per year or 14 000 over the four years What should you prefer 6200 or 14 000 of interest on your investment? If you'd like more information about the tiger first mortgage program, you can call me at 877-518-9190 That's 877-518-9190 If you haven't checked out the newsletters page of tfnn.com, what are you waiting for? All of the tfnn newsletters are informative up-to-date Affordable and must have for every trader looking to gain a competitive informational edge in today's markets tfnn newsletters cover every aspect of the markets to offer you the very latest in market news Plus new subscribers get to test drive our newsletters risk-free for 30 days From all aspects of the markets including stocks bonds metals commodities and tech There's a newsletter to fit your needs exclusively from tfnn Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game Visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com 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.com slash biotech today An investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at eight six six four seven six seven five two three The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders And active investors distributor four side fund services llc Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv. That's tfnn.com and hit watch tiger tv for the latest market information folks, so we're taking a look at the uh the uh may sugar contract for ruby Inside the tiger's den and ruby. Let's start with the daily time frame daily time frame chart But look at the weekly set of profiles out here and you know when we look at the daily chart You can see the sideways consolidation that it's been in really for quite some time You know we'd say pretty much since the beginning of march Um granted prices above resistance resistance being the top of that box out there at 12 54 And the question is what is it that's keeping it in check out here, you know From a resistance standpoint. What is it that's keeping us in check? You can see that the top of the weekly profile is 14 29 That would be another resistance level quite a bit higher than where we're at now obviously in support would be the 11 27 That's looking at the weekly time frames out here, but daily, you know, it looks good But just can't find the energy the sweet tooth in order to push it higher And we are in sweet tooth month, I believe But what month isn't if we take a look at the four hour time frame chart out here 240 minute Your next resistance because I don't know what time frame it is. You're looking at or trading out here You've got a slight resistance zone at 12 84. That's the top of that four hour time frame chart If you were trading based on a two hour time frame chart It's dealing with that resistance level at top of the box right now It's bearish in structure. That's 12 82 You're trading right now at 12 79 so closing above 12 82 This is the two hour time frame would suggest higher prices would be coming at you And finally, let's go ahead and look at the one hour time frame one hour time frame says there may be a new profile That is forming as that candle. Well, it's not really a candle. That bar has turned orange Nonetheless prices below the top of that bearish structured box. That's 12 82 and this is going to Bar is going to complete in another 16 minutes out here. So you'd like to see it close above 12 80 does that help out? There's nothing here that we've seen that answers the question. Why isn't sugar Moving beyond this little consolidation area out here the next level that I would be watching ruby This is now back to the daily time frame and we're looking at the high from the trading session of march 19th I'll give you that as a bit of resistance. You can see these little blue dashed lines out here This is what is showing us where resistance is and the reasons why so you can see a little conglomeration Can I call them a conglomeration? They're just lines out there Well, either way, we'll call it a congestion zone and that would say you're looking for if you're long sugar You're looking for it to get above and close above 12 83 not that many pennies above where we're at in fact This contract here could be a few pennies behind now. It was a 12 81 Yeah, so it's just a few cents higher 12 83 would be a number that you would be looking at if I put the weekly time frame chart out here for that made contract What do I see? I don't see anything bearish out here But I don't see what it is that is a circumventing price from moving higher in other words a resistance zone So I think it all boils down to that daily time frame chart out there For sugar did make by the way a monthly low out here that bottom taking place in august of 2018 With nothing other than that nine count pattern out there So looks like you've got a decent low in place when it comes to a sugar out there And so no sugar tonight in my coffee, of course, I don't drink coffee So that also means no sugar tonight in my tea and each of you know that is from what tune From the guess who Out there, you know that tune by the way that was a combination of two songs One written by ron randy backman and who wrote the other song That's right bc that was Burton Cummings. All right. So what do you want to look at next? it's very quiet in In Email land out here. I don't see any oh, we I take that back You look and you shall receive hector hector c writes in If you get time we've got the time right now nbev Is it going to close the gap and create it on monday before proceeding upward So let's go take a look at nbev Let's go see what kind of gap it has out there nbev For those of you that want to follow along at your home game out here and let's go see what hector is looking at He's asking about that's a get that hector hector And the fuel injectors out or that's the sign of strength. I don't know what happened for nbev, but Is it going to fill that gap? I can't say you bet your sweet bippy out here But if it does You want to be a buyer it would appear that you want to be a buyer take a look at that wide ranging bar Accelerating volume on april the eighth. No idea what was behind it, but 66 million shares It's now pulling back. It is above the daily profile out there In other words yesterday was a pullback to really test the profile granted It was a penny or two that it closed below this morning to push lower now It's pushing higher. I'd say hector watch today's candle session out here But it closed above 589. It's cleared. It's daily Resistance was there any other pattern that nbev formed hector that says hey bottom Is up And the answer is yet form that rose momentum indicator signal as it did when it formed high This is the daily time frame chart forms it with what a shooting star. What do we know about a shooting star? What we know is that they either work or they don't work. What do you mean by that? Well in this case here it worked two days later when price got below the Stevie's green line that oscillator and change line that led to the bottom that bottom was confirmed With that gap to the upside because that is a bullish Pattern a bullish candlestick a gap to the upside is bullish Do not be afraid of gaps. They are your friends a gap to the downside is bearish Will it get filled maybe at some point? Is that how you trade it now when you've got this bottoming pattern? The answer is No, I don't think so. Just make sure you use a wide enough stop now The weakness if there is a weakness inside of nbev and we'll find one for you. All we have to do is look That's not necessarily true We just have to look at some other charts such as the weekly time frame chart and try to understand Well, what did nbev do? Why did it move to the level that it didn't stop? And then what's it doing now So hector this says maybe maybe you're on to something Maybe you've just got a better read on nbev than Stevie's a couple of moments here But where price ran into resistance remember we were talking about that little blue dash line out there Well in this case here, that's from the candle session on the weekly base of february 22nd room 222 Out there that price point by the way six 59 tested it rejected it to close above that Well, that's a beautiful thing And right now price is trading right below Stevie's green line Probably around 5 96 7 something like that. You're at 5 94 but closing over that Well, that would be pretty darn bullish But you know ultimately from a weekly standpoint what you're looking for is a close above that high from february 22nd Again, that was six 59 out there I don't know You got the monthly chart that is now trading above Stevie's green line here Not a lot of data I don't want to waste my time on the monthly time frame chart and the lack of data out here to use that from a signal standpoint So your question was will the gap get filled? I don't know that it's going to get filled before you want to take a A trade in it. You got your bottom signal out there And now you've gotten a pullback on a wide-ranging bar That looks pretty tempting to me If you're trying to trade and bads Steve roger tf and m would be right back Since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion Well, originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply Later basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns As well as market trend calls thus was born the Chapman wave sequence Using the Chapman wave methodology along with other indicators basil Chapman advises his subscribers of his expert market opinion Each market day with his opening call newsletter Right now you can get a two week free trial to the opening call basil's daily trading newsletter by visiting the front page of tf and n dot com cancel at any time during that trial and pay absolutely nothing Get your two week free trial to basil's newsletter the opening call today by visiting tf and n dot com It's amazing to think that tom o bryan started his weekly gold report 17 years ago with the first issue published April 7th, 2002 when gold was trading at under $300 per ounce gold peaked at more than $1900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run tom o bryan publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xa u hui gdx the dollar bonds south african rand as well as 25 different mining equities with specific buy sell recommendations As of april 1st of this year the gold report currently has eight active positions with an average unrealized profit of almost eight percent for each open trade new subscribers get a 30 day money back guarantee So you have nothing to risk for all the details and to start your gold report Subscription today visit the front page of tf and n dot com don't let gold's next big run pass you by sign up today You know what's cool taking something that's good for you something specifically formulated to help with weight loss Better sleep stress reduction and the need to detox niko our hunter and gather ancestors found all their nutritional Requirements for health in their wild environment, but today our food sources no longer contain the vitamins minerals and nutrients Our bodies need to stay healthy and strong. That's why we need primal edge daily nutrition It includes a special blend of ionic soil based vitamins minerals baddie and amino acids in an easy to use liquid form Primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system They've been called miracle molecules because like sunlight air and water life cannot exist without them That's right page. They ensure we receive all the nutrition we need to be healthy and thrive We take it every morning primal edge formulated and approved by niko and page of living a primal lifestyle buy it today For just eighty nine dollars click on the primal edge banner on the front page of tf and n dot com This is david white stay tuned because coming up next is the power trading hour right here on tf and n Welcome back folks so earlier in the show. We just mentioned lift and i'm going to use two my two different applications in order to Give you an idea of where lift is headed to number one and most importantly And you know looks like 2019 is set up to be the year of the ipo so to speak out there And what i don't want you to do is get caught up into all of the marketing blitz that goes on In the media stations and no matter how good the company is don't buy the ipo Do not buy the ipo in day one day two day three day four day five You know when you all the hype out there is nothing more than and it's as it should be You know the the hype the push into it. They're trying to push out paper They're moving from private hands to public hands out there nothing wrong with that that's just a natural evolution Of what we have what you've got to know is that eventually nearly all not all nearly all High significant percentage the 80s and 90 percent the ipo Low the day of the ipo is going to be tested and then some out there And so you want to be a pattern recognition expert in this case here you've got uh Lift breaking through a swing point the swing point on this even though it's been trading for just a handful of days Would be april 2nd, which did 22.5 million shares At 155 in the afternoon you're at 16 million shares. What is that set up? It sets up an a to b equal cd to the downside inside of lift a confirmed one because you're taking out a swing point with volume The one to one level is a 53 63 price doesn't have to stop there Price can make its way down to 47 48 it can go even lower than that It's uh like 39 69. I don't know which of these prices We just know that this is the steve progressive tool out here and as price progresses downward We'll look for the uh bowls to let us know whether or not a bottom has formed in lift But as all these ipos come out, please Get caught up in the hype if you want they could be the best things since sliced bread facebook was Alibaba was apple was google was They all traded below their ipo lows some just take a while be patient And stay tuned because your favorite polar bear he's up next tom o bryan 3 to 5. I'll see you on uh master's thursday Take care Since 1984 basal Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion While originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply Later basal found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price Turns as well as market trend calls Thus was born the Chapman wave sequence Using the Chapman wave methodology along with other indicators basal Chapman advises his subscribers of his expert market opinion Each market day with his opening call newsletter right now You can get a two week free trial to the opening call basal's daily trading newsletter by visiting the front page of tfnn.com Cancel at any time during that trial and pay absolutely nothing Get your two week free trial to basal's newsletter the opening call today by visiting tfnn.com