 The following is a presentation of TFNN, The Trader's Edge with Steve Rhodes, all now 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 August 1st, the magnificent Monday edition of today's Trader's Edge show. I'm your host, Steve, Perseverance Rhodes, who absolutely knows and 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, when you and I make that one little two by four shift it means we can find a gift in every set of circumstance that life is going to toss at us. Now today you and I are going to 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. Do want you to know I'm actually grateful for your presence here. You're 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. Would love to hear from you at 877-927-6648. Now if you can't call him we've got you covered there too. You can always send me an email, send that to Steve at TFNN.com inside the subject heading police put radio show question. Of course inside our Tiger's Denimal, any and every ping we'll do. So let's go ahead and get this show started on Magnificent Monday of course this is Tiger, financial news network. I'm Steve Rhodes welcome to last show and I got a slightly mixed bag out here that mixed comes from the S&P off four points in New York Stock Exchange zone 33. The Wilshire off 23. Otherwise you got the other markets the upside. That was up 32, 110th percent, NASDAQ 123. About two tenths percent, three tenths for the Russell. Six points out there, three tenths for the Summai's. That's nine points the upside. Tremors are basically flat out there. Gold's up six bucks, that's three tenths of a percent. Silver is up eight tenths of a percent, that is 16 pennies. The place we grew back nearly five percent off four dollars and forty four cents. Natural gas is back nine pennies and the 30 Treasury trade not at one forty four seventeen at seventeen ticks to the upside. Lead the charge, dollar wise the upside. You've got Liberty Trip advisor holdings of 55 bucks, ran at forty three percent, AMTD digital of 32 bucks, eight percent, Aspary automotive group of six percent, ten bucks, E-Pam systems up ten bucks to three percent, Boeing up about 11 bucks, six and a half percent to the upside. The downside is booking holdings of 42 bucks or two percent. Chipotle's down 14 or nine tenths percent by a pioneer natural resources up ten. Four percent, Aeon PLC is up eight seventy. That's three percent to the downside. So we've got some movers and we have some shakers out there. Let's do this here. Let's go take a look at our NQ chart. See if we can figure out what might be going on in a moment. We'll trade, we'll switch over to those screens. White background charts, multi time frame set of charts. We'll look for the NQ out here. So as we take a look at those sets of charts, daily time frame, although I can't draw it in, there is an A to B equal CD to the upside. On the next price projection level for the NQ out here would be 12382. So it's not shown on the screen out there, but that would be the one to 1.618 A to B equal CD. So that's the price target. The only thing it could get in the way of that would be some type of bearish reversal candle. If we got that at day's end, because we have an A to B equal CD, that's above 1.272 expansion level, we would have a confirmed sell the D point. Five-hour chart is saying, yeah, I don't see anything just yet. Four-hour chart says the same thing. The two-hour chart is potentially by 2 p.m. Could potentially confirm erosement to indicator top. In the case of the 60-minute time frame chart, it has already done that. And price is taking on its first level of support. Now it would be the top of its profile. The price closed below this area, which really where it's trading right now around the 12,986 range. The price closed below that, then we're looking at a move likely to 12,831 to 12,876. 30-minute time frame chart out here has got what? Just make sure it's populated properly. It's got nothing. Road's been to indicator top on the 15-minute chart. Says the price closed below 12,960. Look for 12,851 to be a target level out there. So we've got some short-term topping signals. No levels of support that have failed just yet. But we'll want to certainly watch those throughout the day. We've got turning signals on the short-term time frame charts. That takes us up to the two-hour. 240, not so much. But we might get that. Now the 240-minute chart, the bar that I'm currently in, completes at, also completes at 2 p.m. So you've got a little bearish shooting star, but it may be way too early. It is way too early to call. That's only 111 in the afternoon. We've got to wait for the next 49 minutes to play out before we take a look back there. But I wouldn't look at that because if we're going to see a turn in the marketplace, then we will see it begin on the short-term time frame charts. So the short-term time frame charts, most of them, not all of them, have a topping pattern that is in place. Just now we're watching the support levels out there. So that's what's going on inside of the NQ. Can't imagine it's much different elsewhere. Let's take a quick peek and we'll go take a look at the ES mini. See if there's any other signals out here. Let's take just a few moments. Now, it also has a daily A to B equal CD pattern that's underway. Price is really targeting, it's trading near, it's trading near, it's 1 to 1.272 A to B equal CD, which is a $41.19. Price is trading at $41.25. Next upside price target is $42.27. Again, that is short of some type of bearish reversal candle forming for the daily time frame. Intraday charts, nothing on the 5-hour. 240-minute has a TD9 count top. 2-hour chart by 2 o'clock may confirm a roadsman to indicator top. 60-minute has already done just that. 30-minute, not so much. And so we have really similar patterns out here. I would say that the key level to be watching the ES mini should be 4081. 4081 is the TD9 count breakout level for the 120-minute time frame chart. Now, we're trading at 41.25 out here right now. So that's another, what is that, about 40 points or so give or take out there to the downside. But that would be the level of support. And if that level fails, then we're likely headed lower out there. In fact, that could also generate a bearish reversal candle. So I certainly want to watch that going throughout the day. Now, each of the equity future contracts, I'll just change screens here momentarily so you can see the patterns. Each of them have A to B equal CD patterns that are underway. And they're at various different levels. Again, here's the ES mini upper left, 1.2, 1 to 1.272 area. Same pretty much for the NQ. Well, same pretty much for the Dow. And the Russell 2000 is above it. It being 1876. Likely its next target or destination is 1930. That's a 1 to 1.618. A to B equal CD. Now, this is something I just noticed, wasn't here this morning. But it is now, and that is that a new daily profile is attempting to form an S below price for the Russell 2000. As long as price stays above 1851, 66. And we won't have a confirmation on this profile until this evening. But right now, let's assume that it does hold. That's a bullish indication. And that suggests that the Russell 2000 wants to head to higher ground 1930. Now, the interesting thing here is if we take a look at, we took a look at the NQ and then the ES mini. The reason why I was focused on the NQ is because truly it's the only one that is sitting at weekly resistance. Weekly resistance being the top of its weekly profile, 13001. Price close above that on Friday. Well, that would be suggesting that we have a change in trend underway. So we're not there. It's just Monday. You know, we'll come back to that on Friday. Friday morning. So we'll need to record Friday show between eight and nine in the morning. Steve Rhodes with TFNN. We'll be right back. Now, let's take a look at Tesla for one of our dinners. That's Rossi. With booming inflation, we have purchasing powers eroded. 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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 TFNN, all our newsletters come with a 30 day money back guarantee so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability for 30 days risk-free today, TFNN Educating Investors. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN.com, TFNN Educating Investors. Toll free at 1-877-927-6648, internationally at 727-873-7618. Good back up, folks. We've got the charts for Tesla up on our screen right now. That is for Rossi inside the Tiger's Den. Rossi went short at about 930 bucks out here. So he's looking for some information as to what the charts are telling us. So the very first thing that we should notice out here, Rossi, is resistance. Where is resistance? So the weekly timeframe, we can see that price is trading right into the top of that profile. That profile reading, at top of that profile is 90356. We're trading right now at 897 out there. So you'd certainly love to see that hold as resistance out there. If you see a close above that, it's a weekly close. So it really doesn't matter what it does on Monday or Tuesday or Wednesday or Thursday. Even though it might matter to you, it's not going to matter really until Friday. But right now you're off to a good start and you'd like to see that resistance level hold. We don't have a resistance area that's up in this range here for either the monthly or the daily. So you want to really kind of keep yourself focused there. If price does close above that, what that suggests is, and I'm looking at the monthly timeframe chart and then the weekly is a run to either 969 or the 1092 level. So you don't want to watch that area of that nine, what did I say it was nine? Did it hear momentary, 90356 out there. If we look at the daily timeframe chart, again, no pattern out here to identify a top. We'd have what looks like a bearish shooting star candle that might form today, but too early to make that call. If I look at the intraday charts, you've got a TD nine count pattern on 130. That says you're looking for, the first area of support to fail would be around 873. Now it's going to be less, that's the oscillator and change line, but as price moves up and down, that number changes. So use that as a guideline. If price were to close below that, then you're looking for run to 831, 808 or 786. You have a TD nine count on the 65 minute timeframe. Price is sitting at support as we speak. If price closes below this level, we're trading at 894. Price closes below 894. That suggests you could see Tesla pull back to 835.30. That's where it would likely pull back to. That's the 65 minute TD nine count breakout level. The 30 minute chart has a TD nine count top. That says with price right now, below the top of its profile, a run for the 858.99 to 871 to 877 area is the range where price will likely target. That's the 30 minute chart out there. That's all that I see inside of Tesla. So I do hope that helps you out. The daily support level would be around 809.07. That is its green oscillator and change line. If price pulls back, Tesla rejects that green oscillator and change line, then it should be off to the races to the upside. So thanks so much for the request, Rossi. Do again, hope that helps you out. Next question coming in from David H in Tom Ball, Texas out there. And he wants to take a look at a Niko Eagle. So let's get those charts out here. I think I might have those up on the screen. Oh, Michael, yeah, we do. Okay. Let's read David's question. It goes like this. Is a Niko Eagle in an A to B equal city down on the monthly timeframe chart? If so, what would price need to do to negate the A to B equal city down? And two, what are the support areas on the way down that could stop price from achieving the one to one A to B equal city price target? If you have time, can we take a look at LNG, Chinear Energy? Yeah, absolutely. So the question is, we're going to go change over because I can draw the A to B equal city patterns on the other charts. So we're going to go over to the black background chart. What we'll do here is we'll get the Niko Eagle going. AEM is the ticker symbol. And the very first thing we're going to do is focus on David's question about the monthly timeframe chart. So it's simply expand this out. In essence, what David is asking me to do is to draw an A to B equal city pattern. So the first one that it would be drawn in there would be with the high out here from the trading week or month of September, 2020. Then what I would use for a B point would be the low from March of 2021. The C point would be the retracement up to May of 2021. It was a 58% retracement that typically leads to more than a one to one A to B equal city. But look how price kind of fanned out on the right side of the C to D leg out there. So it said it was really losing energy or steam. What price actually has done, and it did this last month, is it that tag the one to one area. Now the one to one area is 39.93, price got below that. Last month price got down to a low of 38.02. What this does not have on a monthly basis is a bullish reversal candle to confirm the buy the D point. But you were asking, so what needs to be done to negate the A to B equal city pattern? Actually, nothing needs to be done to negate it. It needs to be confirmed. So on a monthly basis, you would be looking for a bullish reversal candle. Are we gonna get that? Well, I don't know, but it is one possibility. If we go take a look at the weekly timeframe chart out there, now it's possible that what David was looking for was an A to B equal city that looks like this. And I can't rule it out. The A point would be the same, but the B point would be all the way down at the lows from January of 2022. And then the C point would be the retracement up into April the first. Well, that didn't work out real well. We gotta try to draw that in there once again. Do what I'll do is, yeah, I just deleted both of them. Let's start here again. So this might be the A to B equal city pattern that David is talking about. And that would get us down into the 2333 level out there. Now, from a monthly standpoint, the month of January at 49 million shares, and last month we did 82 million shares. So that is certainly in play. Both the A to B equal city patterns are in play. But I like the first one that we looked at in the monthly basis. And the reason I like that is because that actually confirms the weekly timeframe chart. If we look at the weekly timeframe chart, it did confirm A by the D point pattern. So the A point again, being the high from September, 2020, the low being the March, 2021. And then the C point being the run-up into May of 2021. There's your one-to-one level. What we can see here is you've got a bullish piercing candle. And so you do have a confirmed by the D point on the weekly timeframe. That might help out the monthly chart that we were looking at. The weekly chart, because we can see the A to B equal city pattern here, what we can assume is that in fact, the daily timeframe generated that same signal. And what we had here was a gap to the upside. That gap to the upside took place on July 28th. That would have confirmed an A to B equal city pattern to the upside out there. So to summarize, Nico Ego, where do we want to go from here? Well, price is trading above the top of its daily profile. This could be two consecutive sessions in a row for that. If that's the case, that is suggesting price once will move higher. We confirmed that the weekly already has a by the D point pattern. So what that then says is, oh my goodness, well, we're on the white background chart. Is that whole time? Were we on the white background charts that whole time? Give me a moment here. Sorry folks, I thought it had changed over. So here's the black background charts. You've got the, so here's the monthly. You'll see, I got the larger A to B equal city pattern out there. So let's put the smaller one, the original one. The original one, again, they're both in play out here. You got A point up there on September of 2020. The B point is March of 2021. The C point is the week of May. This is the monthly chart, May of 2020. So you can see the one to one level at 39.93 was hit. And again, on the weekly timeframe, if we open this up, you'll see that same one to one A to B equal city. You'll see the bullish reversal candle. That suggests that price should move higher. Now, higher to where? Now we want to go change over to the white background charts. And that's going to be that weekly oscillator and change line. That should become the price target area. Why is that the price target area? Above the top of the daily profile confirmed by the D point pattern for it. The weekly timeframe was confirmed by the D point pattern. The monthly price pulled back to support, basically, which was near its breakout level at 35.12. So you should see Ignico Eagle. David, trade up into around the 46.37 level. We'll come back to this break. We'll go take a look at Sheneer. Energy, ticker symbol there, LNG. 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 publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, 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 Chart. 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. 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At TFNN, you'll get advice and guidance from the authority in 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 4.00 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. U.S. equities turn to the downside. The only one trading in the positive is the Russell. That is up 1.00058, S&P is down 15 as we speak. So let's go to our next question, where I really follow up from David, which was a take we get to Cheneer Energy. LNG is the ticker symbol. A specific question is, does this stock have enough strength to take out the highs? Well, if we take a look at the weekly timeframe chart, we're gonna see here is a nice consolidation pattern. The first time up on the weekly chart, March of 2022, nice wide-ranging bar, volume 13.4 million. Next time price was up here, the week that began May 2nd, 13.6 million shares, same volume. Last week, price tested in the top and rejecting the top of its consolidation, a test with 13.5 million. So got the consolidation in place. The tops are being tested with similar type volumes out there. I guess the answer to that question is, David, doesn't appear that it has that strength to do that, but price is above the top of its weekly profile, above the top of its monthly profile. So that is a positive out there. You'll see a new daily profile has formed. So your resistance level there is 148.61 in support being down at 138.61. So it doesn't look like, from a volume perspective, that it has the energy to push through the top of this. But this is gonna be tied to natural gas as well, and that is likely headed higher. But it's dealing with resistance as well out there. So the charts are somewhat similar. So I do hope that helps you out. Thanks for taking the time to write in. Again, there was David in Tombow, Texas. Our next question, the only one that I see that is in is coming from Kota, inside our Tigers Inn. Kota wants to take a look at the GDX. So let's punch up the GDX. Let's do that on the white background screens. Let's go ahead and change over to them. Give me a moment, we'll get those up here. And so with regard to the GDX, says, please look at the GDX next to life, you get a chance. We're gonna do just that. So in the case of the GDX, here's what we know. We know that it's a tough call. You don't have a bottoming pattern for the daily, the weekly, or the monthly timeframe. Price right now is consolidated with inside it's daily profile. It's a bullish structure daily profile. A close above 26 bucks is gonna suggest that price should make a run for 27.34 to 27.61. You don't have a completed buy the D point pattern. That's the A to B equal seeding to the downside inside the GDX. So even though you got a bullish reversal candle for the month of July, it didn't complete any kind of a pattern out there. So that's kind of a difficult one. And on the monthly timeframe, no bottom signal as well either there. So right now, now look, these patterns that you and I take a look at a road's momentum indicator bottom, the CD9 count, wave number seven. There is a wave seven pattern on the daily timeframe for the GDX. That's the only pattern that would be out there. But these patterns that you and I take a look at are not present at every bottom. It's just when they are or top. It's just when they are present, then we pay attention to them because they are signaling to us some important information out here. But nonetheless, price may be targeting at 27.34 to 27.61 and the close above 27.61 and the GDX suggests a further move higher. So hope that helps you out, Kota. Your next request was to take a look at the industrial sector, XLI. So let's get that fired up on the screen out here. Excuse me. So in the case of the industrial sector, today is going to complete a TD9 count top. Code, I don't know what today's high will end up being. The current high is a 96.04. Let's assume for our discussion that price does not take out that high. You should see a short-term top form. You can also see that oscillator and change line change colors two bars ago. Price and oscillator and change line have a date with each other. I don't know exactly where that's gonna take place. It should be somewhere south of 95.44 and north of 90.95 out there. Well, we'll take things one step at a time. On a weekly timeframe for the industrial sector, you've got a rogment to indicator bottom that's been triggered, but no bullish reversal candles. Therefore I can't say it's a confirmed bottom out there, but with price above its oscillator and change line, if the TD9 count top fails on the daily timeframe, Kota, the next level of resistance you'll see is 96.75, the price can clear that. Then you're looking at around a 97.09 or 98.59. The monthly timeframe actually does have a completed by the D point pattern, so that's interesting out here. That's gonna look like this. It's just drawing the A to B level out here and then we can just move that line to the C to D level, so it's about there. We move that over. You'll see that was more than a one to one A to B equal CD. You got the bullish engulfing candle last month. So you do have a confirmed bottom on the monthly chart. So, what you've got that daily TD9 count top. Hey, sometimes these patterns fail, right? So watch today's high, whatever that is. If there's a close above that, still know that you've got resistance that needs to be taken out at 96.75 out there. So I hope that helps you out Kota with regard to the industrial sector, as well as the GDX. Let's go to our first caller and that is Jim in Palm Harbor. Jim, thanks for calling. Thanks for holding, how are you today? I'm great, Steve, how are you doing? Excellent, nice to hear your voice. How's your summer going? It's going really well, except I did have to put my little dog down after 17 years, that was hard. Yeah, I'm sorry to hear about that. That is the second K9, 17 years old I've heard in the last two days out there. So I don't know, 17 is a magic number out there but my condolences to you for that. Oh, well, that's okay, it's part of life. Yes, yes it is. So you want to take a look at Acoma? Acoma? Yeah. Go right ahead. I was looking at it, it looks like it might have bottomed on a weekly chart and it's got a, I've got a TD2 up on a weekly chart and if you go to a days, it looks like it might have bottomed. I've got a TD3 up there and the Fibonacci, it's on the weeklies, it's above the 23.6 and got a ways to run for the 382 and 50% that's 1.8. I just want to get your thoughts on a swing trade, really. Okay, so let's do this here. So I've got the white background charts, we might just change over to the black ones in a moment but if we take a look at the white background charts out there, we'll see a nice confirmed approximate indicator bottom that formed on July the 15th out there. So that was your bottom signal. Price was able to take out the old profile, that was, took that out the tie, the resistance level on July 21st. A new profile formed a few days later, that was on July 25th. Price right now is trading above the top of that profile. The top of that profile is measured out at 95.47. You close above it on Friday, you'd love to see a second close the day above that and that would suggest a further move higher. Now further move higher to where? That really takes us to the weekly timeframe charts. So you had indicated that you saw some type of bottom pattern out there. I don't know that I've got one of those but that doesn't matter, you've got one on the daily, that was very clear. Yeah, don't really have a signal on the monthly time, on the weekly timeframe chart that I'm looking at but here's what we do know, price above it's red, acid, and change line. Here's what we also know, for a series of weeks, price had been below its weekly profile. So your first level resistance, we already talked about the daily timeframe which we're trading right now at the top of its profile, 95.47, turns out that the bottom of the weekly profile is also resistance. We can see that two weeks ago, Price tested and rejected it. Last week did the same. By the way, that level out there is at 96.69, 96.69. So that's the area where the battle is taken and price can get above that. Then you're looking at moving to 99.64. 99.09 is the bottom of its monthly profile. So let me step back for a moment. First thing you wanna see is a close above the top of the daily profile. That's at the 95.47 level. If we get that, Jim, price should make a run to 96.69. If price get above that, we're looking at a run to 99.09. If price get above that, then we're looking at a run to 99.64. Now, we're about to go to break here and I don't wanna just leave you like that in case you have further questions. So stay on the line, if you would. And we'll come back to Jim and Palm Harbor and discuss Akamai Technologies, aka AM. TFNN has been your trusted source of analysis for bonds, metals, stocks, commodities, and options for years. And we are happy to announce that we're bringing that same caliber of analysis for the Forex Market. 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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 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. Welcome back folks. You got the down off 80 points, the S&Ps down 19 NASDAQ 100 off 33. Let's go back to Jim in Palm Harbor. We're taking a look at Akamai Technologies, aka M is a ticker symbol. So Jim, the information I shared with you, do you have some further questions or anything else that I can assist with out there? Well, I just saw, you know, when you mentioned monthly, on the monthly I showed a hammer candle for the month of July and it looks like it wants to go up, but it's only the first day of the month for August, so. But and then if I drew a FIBO line down to the time to mark four down with that hammer candle and if it looks like to me that that was the indication of a bottom on the monthly and I don't know if it's a true hammer candle, but it looks like it. So if your candle looks like mine, which it should, but maybe you've got some other type of data feed, it is not a hammer candle, but that's it. You know, if it looks like mine, then the answer is no. And there's really two reasons for that, Jim. The first reason is that the wick of a hammer candle needs to be twice the size of the body of the candle itself. And so there's clearly that is not the case here. And then the second is there can only really be a very short upper shadow or upper wick to a hammer candle out there. So this just is that it is not a bullish reversal candle on a monthly timeframe out there. So again, if yours looks like mine, it acts technically speaking, it is not a hammer candle out there. What doesn't change our view with regard to where prices trade in relation to resistance, the top of that daily profile. And then we're resistances on the weekly profile. And then if price moves higher, where resistance is that, which is the bottom of the profile for the monthly timeframe. Is that what I'm sharing with you, as far as a hammer candle versus not a hammer candle, is that making sense to you? Yeah, that's why I said I wasn't sure if it's a true hammer candle. Now, my top wick is very short, but at the bottom one is not twice the length of the body. So. Yeah, yeah. It just doesn't fit the classic definition of that. And here at Tf&M, here at Tf&M, we don't change our definitions. It's a hammer candle, thank you very much. No problem. Jim, always good to speak to you again. My apologies and sorry about your pet out there. And hopefully it's blue skies from this point forward for you. So we'll hopefully speak to you again soon. You bet. That was Jim. You bet. That was Jim in Palm Harbor. So I don't have any other questions at this moment here. So let's go take a look at gold. You mentioned that during the, okay, we've got a couple out here for Intel. Let's go take a look at gold first anyways out here. See what Goldilocks is doing. So we take a look at that monthly, or the daily timeframe out there. Today is bar number eight of a TD9 count. That says we shouldn't expect and anticipate a short-term top for Goldilocks to form between today and Wednesday out there. Remember, the high of that pattern needs to form on bars eight, nine, the bar following nine. So it looks like that is going to come to fruition. We just don't know which day is going to be the high of that pattern. Sometimes we can look at the intraday charts and make that determination. Well, on a five-hour timeframe chart, we don't have any kind of topping pattern. On a four-hour timeframe chart, we do not have a topping signal. On a two-hour chart, you do have a confirmed erosement to indicator top. You've got the same in essence on the 60-minute, nothing on the 30. I'm not going to worry too much about the 15 and the 10 out there. So what Gold has a couple of short-term tops it needs to break through support if that is going to mean anything. Support would be between 1775-10 and 1779. So those would be the levels to be watching to the downside out there. If there was another downside level, it would probably be 1762. So those would be areas of support, potential support for Goldilocks. Back to the next question that came in, which was a take-lead of Intel. So let's go back to our three timeframe charts out there. INTC is the ticker symbol. Let's go see what's out with earnings on Thursday or Friday. I can't recall which day. I do recall that it had gapped down or it traded lower. But let's go, yeah. So it did gap down out here and what it was doing was it was testing that prior swing point. That prior swing point was from July 5th. That swing point has volume of 33 million shares. And even though we got a test and rejection of that swing point on Friday, it was with 125 million shares. So not exactly the test and rejection that you're looking for. That suggests that we should see that candle tested again. Well, that's taking place today. Now today's volume is 33 million shares. But again, that's going against 33 million shares on the trading day of July 5th. So it's still too much volume to the downside for this to be a rejection of that swing point. It doesn't mean it can't reject it and move higher. You've got resistance at 37.85 and 38.51 on any move higher. If you look at the weekly timeframe chart here for Intel, I don't have a bottom signal. And we can see that today's move higher ran right into resistance. Co into that was at its red oscillator and change line. So that's a level you'd certainly want to see price close above to suggest that there's some rally or counter trend movement, which could or should take price to the 4024 level. Nothing on the monthly timeframe to show us a bottom, although price did pull back to its breakout level. That breakout level was established at 34.93. So another price got all the way down there was pretty close at 35.24. So prices pulled back and we've got no bottom signal. And in fact, we have a negated TD9 count bottom. So Intel is showing some trouble out there. Absolutely. Where's a price target to the downside? If that were to be the question. So for that, what we would do is switch back to my other screen out here, the black background screen. So if you give us a moment, we'll do that. We'll take a look at the longer term picture. That's a monthly timeframe. The A to B equals CDs. What would we draw on there? What fits my eye is really, what I'm looking at is the largest move higher as price was moving down. And that for me, that sticks out as being the day or the week of January of 2022. The week that began January 1st, 2022. So that becomes my C point. Now for me to use that as a C point, I have to use that low as the B point as well. Which I don't really like doing, but it's the only thing that visually fits my eye out there. It fits my eye out there. So here's the A to B equals CD pattern for Intel, which gets us down to about the 3409 area. So that's what I see when I take a look at Intel. Is it a bottom? Do I see some kind of bottom? You got wave number seven Coda on the daily timeframe. What you want to really see there is a light volume test of that swing point. Let's go on to John in New York. John, thanks for calling, thanks for holding. How are you today? Okay, how are you? Excellent, thanks for asking. DSL is what you're calling about. Tell the folks what you're doing, how I can best help you. It's Diana's, Diana's shipping. Double-eyed, you've got solutions, okay. Go ahead. I had a good move this week. Yes? Should I sell some or hold on? Okay, so great question. Here's what I can share with you. What's the chart you were looking at? The black one. So price above the top of the daily profile was bearish in structure. It's been above it for three days. That's a bullet signal. Price above the top of the weekly profile. Did that last week? That was at 12.50. That's a bullet signal out there. Don't have anything that great to report on for the monthly timeframe. So your question is, should you sell it? Well, the only reason to consider lighting up on it or adjusting your stop would be the white timeframe chart that shows that today is bar number eight of a TD9 come. That suggests that DSL should form a short-term top between today and Wednesday. Don't know which day that might be. It doesn't guarantee a short-term top. But do me a favor, John, hold on through this break. We're gonna go to it in about 10 seconds here. We'll come back and try to answer your question. I'll look at some short-term timeframe charts for you as well. So we'll be back with John in New York to finish up a double-line income solutions. VistaGold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. VistaGold just completed their feasibility study resulting in a seven million-ounce gold reserve. VistaGold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accreted transaction. 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If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. tfnn.com, educating investors. tfnn has launched the Tiger's Den. Hosted at Discord, tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tiger's Den. Available to all tigers and tygruses for just $1 for the year. There's no catch or any costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of tfnn.com. Don't forget, you can listen to tfnn live on your mobile device 24 hours per day. Go to tfnn.com and hit Watch Tiger TV. That's tfnn.com and hit Watch Tiger TV. Welcome back, folks. So, John, when you entered this trade, can you give me a feel for what your trading plan was? I'm just trying to understand. Go ahead. It's just for the income. It pays a nice dividend, like 10%. Yeah, okay. But was this too, when you entered, is this for a long term? I'm just trying to get a feel for it. I'm retired, so I'm a long-term income. Well, here's what I can share with you. Here's what I would be concerned with if I were you. First of all, understanding what's inside this. And so we take a look at this. The top 10 holdings out here, you say you've got debt from Brazil, debt from Argentina, more Brazilian debt out there. I just get comfortable with regard to the makeup of this portfolio out here. The US dollar index is gonna continue to move higher. I know that it's pulling back today, but longer term, the US dollar index is the flight to quality. And that should put pressure on these other, should create a bunch of sovereign debt defaults that are out there. And so that may roll into this specific holding. So you're dealing with a daily TD9 count top that should form, should complete between today and Wednesday. So you wanna consider that. I would say right now, and I look at short-term timeframe charts, the only one with real signals are the 15 minute, the 30 minute and the 130 minute chart. This suggests to me that price should pull back to test 12.68. If price gets below 12.68, then what we're likely looking at is a further move lower and that could take it to 12.18. So, but first if 12.68 holds, then the TD9 count likely hasn't topped just yet out there. Does that help you out? Yes, it does. Perfect. Do you have time for another question or are you finished? Well, the show is over, but I'll certainly be here tomorrow. If you wanna send me an email, Steve at tfn.com or give a call on the show, happy to look at anything that you'd like. Okay, John. Yes, thank you. You bet. That was John in New York. Have a great day. And that goes for everybody else out there. Stay tuned, you got two more great hours left. Your favorite polar bear, David Whites up next. Tom O'Brien will take us on home and I'll be back with you on terrific Tuesday. You have a marvelous Monday, folks.