 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 from T. F. B. N. Welcome to the June 5th. Yeah, the June 5th. What is today? Today's the wonderful Wednesday. I'll figure it out. Sorry about that, folks, but today is 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's having a great day. How about 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. When you and I make that one little two-by-four shift, it means we can find the gift in every set of circumstances that life is going to toss at us. Today, you and I, we're going to go check on the circumstance of these markets. We're going to go figure out what those bulls and 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, during this next hour, I'm here to serve you. So feel free to pick up that phone. You can dial on in at 877-927-6648. If you can't dial in, don't worry. We've got you covered. Let those fingers do the walking. Send me an email, Steve at tfn.com, inside the subject heading, if you'd be kind enough to put a radio show question, and in the Tiger's Den, well, any ping will do. So let's go ahead and 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 that up 172 points, about 7 tenths of a percent to the upside S&P similarly up 18 points, NASDAQ up a half a percent, 37 points, a little bit of a mixed market. Russell 2000 is flat, 50 cents, and the semis are down about 10 bucks. That's about three quarters of a percent to the downside. Wilshire's up a half a percent, New York Stock Exchange up 44 points, Transport's up one full percentage point, or about 100 points, NASDAQ composite, Spot Follow Tiltedicts headed in the right direction, still not below the threshold level that you and I are looking for. Well, that's if you're a bull, which is below the 50 day exponential moving average. We'll take a look at that. Gold is up $4, trading out a 1332 silver is up a penny. They're both in danger zone. We talked about it yesterday, we'll talk about it again, if we take a lick of the light sweet crude, that's trading out of $51.51, that's down about two bucks. The upside dollar wise, leading the charge, it's auto zone up 29 bucks, co-star up 15, market taxes holding up 15, Shopify 14, Chipotle up about 12. To the downside, it's influx, influx is what it looks like down 90 percent, 90 percent. Oh my goodness, really with 22 million shares, what the sec happy, they've shelved something. Some phase two trial. This is a bummer for those folks that last night went to bed and the stock was trading at 37 bucks and now it's at $3.56, not a single shareholder here really in a winning position. Holy schnikes. Also, to the downside, Google's off about nine, Gravity Company down about nine, Pivotal Software down 42 percent, sounds like they've had a very unpivotal day. Of course, I want to look at the things that you want to look at. The question that is out here coming in from John, yes, I'll do the 2 p.m. update by the way in the studio. The ES mini is back at a high, he's looking at Apigee, let's go take a look at the chart that John is looking at, that way those folks that are in the den and even out of the den, we'll know what he's looking at as soon as I pull up the chart, then we'll be able to go right to it. So right here, John is looking at this chart and what he's picked up on is the Apigee Lunar phase. That is the point in time when the moon is furthest from earth during the current cycle. Now, the next cycle comes in, a perigee, I believe that is on Friday and I don't recall the time off the top of my head, but it's on Friday and I don't recall if it's during trading hours or not. But regardless, John's question is, tell us how important or not 2831 is. In 2831, he's referring to is the exact price that the ES mini was trading at when this lunar phase came in, however, this was also on a weekend, I believe, so this was either the close of Friday or the open Sunday evening. So John, the way for me to answer that question, how important is it or not with the new phase, perigee coming in, so it's going to be Sunday evening, if I'm correct here, after the market closes, instead, the way that I'm going to look at the ES mini is by it this way. First, just take a look at the actual daily chart out here. The daily chart, what it shows to us, one, you had a gorgeous Gertley by pattern that confirmed yesterday. Now, the reason why I say that it confirmed was because you had that bullish reversal signal. You had that three river morning star inside the ES mini. Now what price, John, where price is at as we speak at 1.12 in the afternoon, it is above 2,808, that is Stevie's red line. Now when that line turns color green to red, when it turns colors from green to red, doesn't matter what the time frame is, it's an indication that we're going to see price and Stevie's line catch up to each other. When it turns colors, in this case here from green to red, if the market was bearish, if the market was bearish, what should have occurred, and it still can occur by day's end, is price would get up, test Stevie's red line, 2,808 and reject that. So if by the contract closed today, that's what happens, then the 2,831 wasn't really the important number, it was 2,808, that was the important number. However, this is the day of the test, and if price closes over 2,808, what it suggests to you and I is price is going to continue higher, regardless of where Apigee is at. Where to? 2,845.50, that is the top of the new daily profile that actually formed yesterday. I'll show you to you on this chart, this may be a little bit easier to see with the black backgrounds, and therefore you'd also be able to see the other profiles that also formed yesterday. So here, we're just looking at the daily timeframe charts for the four equity futures contracts. What we can see and what we can do with these profiles is we can identify where the buyers are at, where support is at, inside the ES mini was 2,742. Once you get above the center line, which is 2,793, pretty good indication you're going to go ahead and complete that move to the upside or the downside, in this case here, to the upside. So I would anticipate, if I were you, if I were me, this is what I am anticipating, is price is going to make a run for the 2,845. What I don't know is whether or not price is going to go ahead and break through that level, we'll cross that bridge once we get there. If you take a look at the NQ, it's got a new profile price above the bottom. Price here headed towards 2,786. If we take a look at the bullish structured daily profile inside the Dow, it's headed to 25,779. And inside the Russell 2000, its price target is 1526. Now what are the flies in the financial ointment that are out here at 114 in the afternoon that would say not so fast? The only two flies that I can see is the advanced decline oscillator reading inside the New York Stock Exchange. That is still just below zero. Another panel on my screen at minus 1.48. I'm more worried about that than I am about Apogee or Perigee at the moment. And the other element, the spot fix index. That gets below 15.91, we're off to the moon again, Alice. We'll be right back. 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, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. The Taz Profile Scanner instantly scans and filters over 2,500 global financial markets such as stocks, ETFs, commodity futures and forex. 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So let me just finish the answer to the question about the ESMini and really what to be looking for out there. And John, I know you value the five-hour chart as I do, even though our bars are different times, but let's just go with the bars that I've got out here. And we can see that we had that TD set up nine-count confirm at 9 o'clock this morning. That's using the five-hour time frame chart. Nine consecutive closes above a close four bars earlier. I don't know. This next bar completes at 2 p.m. So we've got another 40 minutes. I don't know if the high of the bar at 9 o'clock, which is 28, 24, 50, I believe something like that, 24, 75. So John, I would say this. If that high doesn't get taken out between now and 2 p.m., it's only a couple of points away. So I don't know if it will or it won't. Let's just go with it won't. It doesn't. Then the nine-count will be the high. And if you see a price move above that, then it says, okay, no top in place, just a continuation pattern with price running up to its resistance line. That was established at four in the morning back on the 22nd. That level is 28, 68. So that would be something else that you could watch over the next couple of hours to assist you with whatever decision it is that you might make regarding the ESMini. Hope that helps you out. And best of luck. Peter wanted to take a look at the ESMini in gold. And I believe that Brent also wanted to do take a look at gold. Let me read this. So Brent Wright says, hello, Steve. I'd appreciate your thoughts on the gold contract. Did a quick trade this morning about some puts. Just close that position and did well on that. And gold looked to be hitting some resistance, hoping you can cover the TD counts as well as the TAS level. So, yep, we can do all that. And Peter in the den wants, in essence, the same kind of information. So let's start with where Brent left off. This is going to help Peter as well. And this is really about what you and I, all of us, discussed yesterday. The need to be careful right here during these next couple of days. Now, right now, what we can see is that gold hit, it got above. But this is the importance of resistance. Understanding breakdown areas, breakout areas out here. And so what gold has done so far on this daily timeframe is it's made its way back to where it had broken down. Now, that breakdown area that I'm using here is at 1340. I'm not using the actual high out here, the high that came in. Let me just get my cross here going. Well, let me try to get my cross here going. Here we go. Here's the high on February the 20th. And if we take a look at that, that also is resistance, by the way, because this had the Three River Evening Star. Remember, we looked at the Morning Star and the ES. Here's the Evening Star pattern out here. And so certainly that is some resistance. But the real breakdown came, or I will say the real breakdown came, on a daily base at the 1340-40 level. So today is going to be day number nine. I mean, gold would have to close below 1286, give or take. And I don't see that taking place out here in order for today, not be bar number nine. Bar number nine, closing below resistance at 1340-40, is not a good thing. It's not a guarantee. But I can tell you, it's not a great thing. No, let me restate that. It's a lousy thing out there. And so you've got to be careful. We don't have to be careful. I would suggest that you be careful and watch this closely. Now, today you've got a shooting star, but that's 121. I don't know if that's what the candle will be. You know, it's the opposite of a hammer candle. If you do get a shooting star today, the beautiful thing about that is they either work or they don't. 90% of the time, what I mean is that if they work, you have follow-through the next day and you start to see price move lower. And that would be a huge indication. But we don't know if it's going to be a shooting star candle or not come the end of the day. So Brett, you're absolutely right. So today's going to be the nine count. Today will be the nine count out here. And that says be careful. Now, it just says be careful. I'm not saying unload or sell if you're along. I'm saying be careful and be aware out here. If on the other hand, if we take a look at just a 30 minute timeframe chart for another quick signal as to what gold's intentions are, here what I'm looking at is on a 30 minute chart, the support level, the breakout, the most recent breakout level inside of gold. That took place right here on this bar at 10.30 in the morning and that was on June 3rd. That was yesterday and that low is 13, 20, 40. If price were to close below 13, 20, 40, okay, you've got one more breakout level. But if it does close below that, that would be trouble. Now, trouble may only take you down to 13, 10, 90, but if you get below 13, 10, 90, K sera, sera, the move in gold is over for the time being and some type of retracement would be underway. I'm unwilling to make that call right now because support has not been broken when I take a look at the 30 minute chart. Pulling back to support or the breakout area is something normal. If you pull back that to that level and the buyers don't rush in again, then that support is now gone. Now you can see that on a 30 minute base that we can't see, but maybe you can see, it's in the process potentially of forming a set up nine count as well, but we've got an hour and a half or so, two hours before we get there. So this count may not take place, but what's not going away is the breakout level. And again, that price point is 13, 20, 40. So Brent, I would use that as a key to understand everybody else that is out there. You, Peter, I would want to understand if gold is below that level, the sphincter muscles ought to start getting tight for those bulls out there inside the mining equities and inside of a gold. And then to boot, what we've got going on in the five hour timeframe is that price continued moving higher. We spotted this pattern yesterday. It just began forming, had just begun forming. And now that it's formed during this five hour timeframe again, which ends at two o'clock, you now get that bearish reversal signal. Now what price did was it came right down to the top of that profile out there, old resistance that perhaps is new support. It's another reason to not unload just yet, but if you start to see these levels of support fail, in this case here, it's 13, 33, 50, is the actual, it's right around 13, 33. 13, 33, 40 is where price is trading. So right around 13, 33. I close below that on a five hour basis as price could come all the way back to its breakout level, but first it would come back to 13, 16 and 1307. So that's really, this is what I see on a daily basis, a five hour chart says beware. The 30 minute chart says not just yet, but at least you've got a price point. It's not that much further down to be paying attention to, with regard to what traders of gold are doing across the globe, Peter, well first take a look at this chart here, traders of gold in pounds. You don't think that the folks over in the UK or at least big money is trying to find ways to get the heck out of dodge out there. And they've been able to push gold up above prior swing points, January swing points out here. Not even close to January swing points in dollars, right? Well, I guess it's close, but the January swing point in dollars, well it's really the February high out here, 1360, but hasn't taken it out. So what's going on as far as, this would be the savior for bulls out here, but at this stage, gold and all the currencies really kind of stable, doing the same kind of a thing, so to speak. I would really watch those levels that we took a look at just a few minutes ago. So Brent, Peter, everyone else, I hope that that assists you with regard to our analysis of what Goldilocks is doing as we speak right now. So we've got another question here, coming in one from John and Sarah Soda. I would love to hear from you by voice, 877-927-6648, email steve at tfn.com. Just put radio show question up in the subject, heading to the course inside the Tiger's Den. Any ping will do, we'll be right back. 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, six, and three 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 at 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 too. Sign up today. 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We are so confident that you're gonna love this new charting software that will even give you a 30 day unconditional money back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. John in Sarasota writes in and says, hey, Steve, hey, John, is now a good time to short Netflix. NFLX is the ticker symbol. Let's go peek in on Netflix, John, see what it is that you are looking at here. Currently priced at about $355.73. So it's trading right into the top of its brand new daily profile out here. So it's right up against a resistance zone. It's actually trading just above it, John. That level is $355.49. You're trading at $355.70. So here's what I would say is that if you see a close above $355.49, the very simple answer to your question is no. No, no would be the answer to your question out here based upon profile information. If we take a look at the weekly timeframe prices trading within the weekly profile, right at that point of control in the $355.62 area in the monthly, looks like where this is headed to is about $374.24. So let's go to the other charts, see what kind of signals we have out here. What was the message yesterday? So I don't see any kind of pattern out here. I just see really as sideways consolidation that is in place. So what was the topping signal? So the bottom signal was pretty easy back here on the 26, a TD set up nine count, a roads momentum indicator bottom. I've not seen anything necessarily here at the top at the most recent high that we've had. Not seeing a pattern for you to the downside. So and price above Stevie's red line at $357.71. John, it looks to me like this wants to continue to move higher Netflix. Now, how we could put that together just simply come take a look at the NQ. And if we take a look at the NQ, what we see here is prices above support headed towards potential resistance around $72.86 or $73.85. But if we pull over the daily timeframe chart here for the NQ, what you're going to see is a beautiful set of patterns out here. Wave number seven, that's letter G just simply from the highest to the low. TD set up nine count. That was the following bar nine. Thus far that has been the low. Where the ES mini is above Stevie's red line, the NQ is not. But this would suggest to me because you've got these bottoming patterns that are out here was an A to B equal CD to the downside. Also a Gertley buy price. Watch for $72.55 inside the NQ above that. You're looking at probably the run to $73.85 at the top of that new box out there, maybe higher, but those become the initial targets as we speak right now on June the fifth. Yeah, days just kind of come together so quickly these days. So no, I wouldn't take Netflix as a short. Not just yet. I mean, the general index itself looks like it's made a significant bottom. Now John, this is John and Sarasota. Everybody else close yours. I don't want you to hear this because I don't want to screw up your thinking. But we just made Gertley buy patterns a bottom almost across the board. Indice wise out here. This is not unusual in the unfavorable seasonal cycle to make a bottom. Usually it's around June the 24th. This year it came in early. We're gonna kind of use those dates as guidelines, not as it has to happen exactly. Oftentimes it does, but it doesn't have to. And so John, when the market in the summer, not the summer, but I mean this unfavorable seasonal cycle, especially when it works. I think one doesn't work. But when it does work out here as it has now, as it has in 2019, you typically see a significant bottom in June that takes you up for about four weeks into July. That's what's knocking on the door right now. That's what yesterday and the day before was all about. It was a hard wrap on the door. A hard wrap on the door. Don't believe me. I don't want you to believe me. I want you to believe the charts and what they say. Let's go take a look at the charts. Let's just simply switch to my index view out here. And let's just take a look at them one at a time. We took a look at the EES mini. Let's not do that and take a look at the S&P 500. Let's take a look at the Dow. Take a look at the Dow. Beautiful bottoming pattern here, above Stevie's red line. There's no reason for the Dow to not go out and at least hit its objective, which may only take a few days, quite frankly, and then continue even higher. This bottom that is in can last. I guess the point I was trying to make can last for three to four weeks. Should last for three to four weeks. Should last for three to four weeks out there. Take a look at the Russell 2000. What did it do? TD set up nine count out here. The Basel Chapman talk was happening with wave number D, wave number four out there. And at that stage, that's when other things can happen. Other things are happening. They're happening right now. The Russell 2000, it wants to continue to move higher. Made a nice bottoming pattern. How about the NDX 100? What did it do? I don't know. I mean, cause that's the one that was getting trashed and thrashed, right? Buy a bag about everybody. Makes the TD set up nine count bottom. 72.47 is the number there that it needs to clear. So it's not out of the woods just yet. NASDAQ 100, not like the S&P and the Dow and the Russell 2000. But if those can get out of the woods, this can get out of the woods too, but it won't get out of the woods until it gets above 72.47. That's the number to be watching there. Still, nonetheless, it made a bottoming pattern out there. I love the fact that I listen to the folks on Bloomberg TV and on CNBC, and they're all trying to answer the question. Why did the market bottom? Yet on Friday last week, and on Monday this week, we knew about these patterns that we were looking at that are just simply giving us the signal that a bottom is coming. This is Paul Revere riding through the TFNN neighborhood and every other neighborhood just screaming at us what's going on. It had nothing to do, zero to do. I know they're looking at it with Chair Powell out there. Really, folks? The market was up 200 or 300 points before Powell said whatever he said, which is nothing more than he's already said in the past. New York Stock Exchange completes a A to B equals CD pattern to the downside. It's well above Stevie's red line. It's just not above the, it's the market breath that is the only cautionary sign that is out there as we speak. Wilshire 5000, it's above the transports here. Take a look at the transports. They make a beautiful Gartley buy pattern. It's above Stevie's red line at 10.065. This too wants to continue to move higher. These are just the patterns that are out there. They're the patterns that are just simply easy to see. The semiconductor index. Again, this has nothing to do with the Powell and you don't need to know what the Fed is going to say next out here. You just don't. How is it that the semiconductors when they did form their most recent high, it happened to be wave number seven letter G and ATD set up nine count was bar number eight. And then by some strange coincidence, it makes its bottom with wave number seven letter G and ATD set up nine count and it does it on bar number eight. These patterns repeat over and over and over again. And you and I, we look at them on short term, longer term, intermediate. And if you don't, if you're not familiar with these patterns, that don't make this stuff a secret. Just come learn it. Just sign up for master probability, get archive workshops. You'll be able to figure that out. That combined with the newsletters each day in all the charts, you'll be able to pick up on it. The light bulb will go off. So all of the indices out here making beautiful bottoming patterns. This is not a one day wonder. This could last for weeks. It's normal during the unfavorable seasonal cycle process. We'll be ready. 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. 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John, thanks for calling, thanks for holding. How are you doing on wonderful Wednesday? I'm doing her watch and you nailed the bottom in the S&Ps, that's terrific. Let's see if it holds, let's see if it holds. So yeah, I wanted to ask you, if you could give me some assistance on silver please. We have spoken live on your show in the past two weeks where I was looking for evidence or let's put it this way, reasons to think silver could rally and was having that discussion when it was under 1440. So I'm long, I had both futures and calls, book gain on the calls, holding the futures position from right down near the low. So that's where I stand. We've gotten a rally of 75, 80 cents thus far. We've pulling back, I would like to be prepared to double or triple my position size if I can find a pullback spot where I can manage my risk. Can you help answer that question? Where is the spot to be looking for to add to a long position? So sure, I mean, let's try to figure that out. Now, before I do that, I just wanna be able to throw an important piece of what I believe is an important piece of information out to you. Now, this will be more important to come Friday's close out here. And this is the weekly timeframe chart for the July contract for silver. And what you can see here is right now price is taking on Stevie's red line. That number is 14.756, we're at 1479. If price were to close below that level, that acts as a resistance area. If price were to close below that level, that would be saying, okay, to me, price is gonna pull back. Expect price to continue to pull back further. Now we can go try to figure out where. On the other hand, if on Friday, price closes above this level. Again, I'll state that level again. Right now it's 14.756. The number will change by pennies or so between now and Friday, depending on what price actually does. But right now, that's the number that we're looking at. It's been resistance for the past couple of months out here since the end of March. And so that would be something that you would want to look at. With regard to, let's say that, let's say that, let's say that on a short-term basis, that you're just looking on a short-term basis to try to identify a spot to get long. Watch the 30-minute timeframe chart, which looks like it may be in bar number eight of the nine count out here. And look for silver to make one or two pushes lower, one between two and 230 or 230 and three, just to get that little bit lower low with bar number nine or the bar following bar number nine. And then for price to trade above that level. That could be one possible entry point if we go down to a 30-minute timeframe. Now what I didn't show there were the 30-minute profiles. I'll change this 60-minute to 30 minutes out here. So we can just understand, you can see price is trading below the bottom of that box. It's also below the bottom of the 120-minute profile. And so John, this would suggest to me that if I look at the five-hour timeframe, there's a new profile that's trying to form. It just doesn't show up on my screen right now. I know that it's trying to form because of the key reversal session in the orange bar that it is at the moment. This would say that the silver could or should pull back to about 1469 to 1465. I would say that would be your entry point right around those levels. If price closed below 1465, then you're looking at about 1455 out there at the bottom of that profile. The daily profile- I just have to stop you there. I had thought through the answer, my answer to the question I passed to you. And my thinking was, I have actually, I'm working a buy order to buy an additional July Silver contract at 1467, risking down to 1454. So the numbers you've just mentioned there kind of dovetail with what I was seeing. So I was looking to see if that might occur some confluence of individual ideas from different tools, which apparently they have. Yeah, so I'd stick with that. So I'd stick with that five-hour chart. Now what I want to do here is pull over my other five-hour timeframe chart. And so I'm just curious what the wave count was on the way up out here, where we're at. Although that's a pretty wide-ranging bar. So only wave number five. But you've got to be careful this current session that we're in that's gonna end at two o'clock. Look, I think your target levels are spot-on. That's what I would stick with. The reason why, so this is the five-hour chart, John, the current chart was a bearish structured box. Once price got above that level, well actually, if you take a look at this, it was always above that level. The first test down into it took place at about nine o'clock in the morning. This was yesterday, I'm assuming, June 4th, yeah. And so that's, that 1465-ish, 1467, I think you said, that would be the level. And then the bottom of that profile is at 1457. Now the five-hour timeframe chart, John, would say that the breakout really took place at two o'clock in the afternoon on May 31st. And that low is 1449. So just kind of, I know you'll continue to watch the silver and the shorter-term timeframe and take a look at the bars and how they're trading, but those are the numbers, what lines up most with what you came up with is the five-hour timeframe chart that I use and its profiles and other patterns. Steve, thanks for your input, I appreciate it. My pleasure, always good to talk to you. That was John in Philly. Let me see what other questions have come in. I know there was one that was, I think, and I apologize, it's off my screen, but the question was, where's an entry point on HYGS? So HYGS is a hydronics corp out here, which is trading about daily, weekly, monthly, even the bottom of its quarterly profile. And I'm gonna open up the monthly timeframe, okay. So this thing has been in a real consolidation out here, which it's really trying to, it's right at the top of the consolidation. So I think it was Pat, Pat S, that might have written in about it. So a good entry point is gonna be the bottom of the consolidation. And that's gonna be at 380 until the top is broken. And to show you the consolidation pattern, let me do this. Let me just turn off these profiles for a moment. There we go. And then let's just grab a rectangular tool box out here. And as we do it, the bottom's really well-defined. I think the top is well-defined too. And it looks something like this. And so here's your consolidation pattern. And typically the place that you don't wanna buy into something is at the top of the consolidation. Now that you could get a break of this consolidation, if you do inside, this is a monthly chart we're looking at, so that's a good thing. And if you do get a break of the consolidation of the upside, well, your price target or your measured move gets you into about $20.41. Now is not the time, Pat, to get into the long trade inside of HYGS. As far as entry points go, 11.25 to 9.50. I know that's kind of a wide range, but that's what I've got as we speak right now. We'll take one more quick peek at it and we get back from this break. We'll be right back. Since 1984, Basel 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, Basel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basel 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, Basel 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, Basel'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 Basel's newsletter, the opening call today by visiting TFNN.com. It's amazing to think that Tom O'Brien 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 $1,900 in 2011 and after spending many years consolidating at lower prices, gold may be poised for its next big run. 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I don't really have a good entry point for you on HYGS. And the reason is one, I don't have a topping pattern on the daily other than the mere fact that we're in the top of the consolidation. And I'd wanna see some type of bottoming signal or pattern at the top of the consolidation holds. Maybe price gets all the way down to the bottom. Maybe it doesn't based on some other patterns out here. But I think you've got to, I can't give you an answer because we're up at the top of the consolidation. Hope that that makes sense to you. The last request coming in is a request to take a look at Marriott. This is for Jeff L. And your long Marriott out here. So let's go take a look at what Marriott is doing, is trading above the daily, below the weekly box and inside of the monthly profile out here. So as we take a look at Marriott, let's try to see what took place as this was making a bottoming pattern that sticks out to us out here, Jeff. And the answer at this stage is no, other than price had pulled back to a level of support. Now, price is flirting with Stevie's red line. So a close above it yesterday, the pullback today has been a test of that level. And so it's right around where it's trading right now, maybe down a penny or two, a couple pennies, you're at the 120, 126.91. As long as it stays above 126.09, I think you're okay out here. I just don't, unlike the markets, the indices that you and I looked at that have those beautiful bottoming signals across the board out here. I don't have that same thing inside of Marriott. That doesn't mean it won't move with the general market. I just don't have one of those great bottoming signals for you. So you're long, I don't know where you're long from out here. I think just don't let this close below 123.23 out there. That would say you've got lower prices coming at you. So thanks for writing in. Thanks to everybody who takes the time to write and call in like John did out there and everybody else inside the den. So have a wonderful Wednesday, a good day, for just a little bit of pasta, some beautiful, go with the 100% for a low Italian wine, maybe a bottle of patrola. That would be a beautiful thing. Have a great afternoon.