 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good morning, folks. Welcome to the August 14th. The marvelous Monday edition of today's Trader's Edge show. I'm your host, Steve E. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Let's make sure we have an extraordinary one. And the reason we want to do that, folks, the easiest way to do that is to always remember that life is happening for us, not to us. That's right. When you and I make that one little two-by-four shift, it means we can find the gift. In every set of circumstance, that life is going to toss at us. Now, today, you and I, we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I do want you to know I'm absolutely grateful for your presence here, but even more important than that, and that's this. During this next 53 minutes, I am here to serve you. So feel free to pick up that phone, dial on in at 877-927-6648. Now, if you've got a question but you can't call in, you can always send me an email. Send that off to Steve at TFNN.com. Please send it early. And in that subject heading, if you'd be kind enough to put radio show question. Now, if you're inside, our Tigers did, well, then any in every ping will do. So let's go ahead and get this show started on a marvelous, magnificent Monday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. We've got a mixed bag out there. The mix goes like this. And now it's trading out 13, 19 points. That's basically flat. The S&P's up three tenths or 14 points. The Nasdaq 108 tenths, 118 points. Russell's down three quarters percent. That would be a 14 point move. The Summizer up one and seven tenths percent. That's a 60 point move. Trend is up 35 points, two tenths of a percent to the downside. Gold's down about six bucks right now. Silver's off 12 cents. Lights recruit off 62 pennies. Natural gas is off 1 cent. And the 30-year treasure right now is flat. Trading out at 1, 20, 24. Leading to charge dollar-wise the upside. We've got Monday.com. It's up about $19. That's a 12% move. 4% for NVIDIA at 17 bucks. Teladine's up 17. That's a 4% move there as well. 2% for Broadcom. And Eli Lilly is up 15 bucks, nearly 3%. To the downside, it is Mercado Libre. Up 30 bucks, a little over 2%. Hawaiian Electric Industries down about 13 bucks. That's a 40% move. Don't blame it on them. They ran out of water. There's some corruption going on over there. If we take a look at the McKesson Corporation, down about five bucks, 1%. So that's what's going on inside the markets. Of course, I want to look at what you want to look at. I believe where we need to start, where we are going to start, and actually kind of coincides with the workshop that's going on tonight by Teddy Kekstak. You know that I use Japanese candlesticks, and so you want to learn that, folks. So it's a workshop that is absolutely worthwhile. But if we take a look at the Euro right here, we're going to go take a look at the US Dollar Index. You'll see an A to B equal CD pattern. I had given the Euro. I really had said to subscribers. And this was a close call because on this trading session, really three trading sessions, the second, the third, and the fourth out here, we had a three River Morning Star pattern. So that should have confirmed that buy the D point pattern. But price never made it to the one to one price extension. Well, it has this morning. So it's down at 109. We've got the A to B equal CD to the downside. What needs, in order for this to generate a buy the D point, a Gartley buy pattern, you need some type of bullish reversal candle. Short of that, price should go target its next price projection level in the 108 level. Now we don't want to stop there. We're going to go ahead and switch screens out here. We're going to switch over to the white background screens because we take a US dollar index. If you caught the, if you caught the market update at 11 o'clock last week, the US dollar, and you'll see it right here last week, the US dollar index did generate a three River Evening Star and price negated that on Friday. So where's price likely going to head to? Well, it should head up to the 103.62 level. That is its TD nine count breakdown area. But if it's going to do that, if it's going to, well, if it's going to continue to move higher, the euro should continue to move lower. The yen or some combination of these are perhaps all three. The euro should continue to head lower. The engine continued to head higher. The yen has an A to B equal CD pattern to the upside. It negated it at first. It did generate a sell the D point pattern back here. Let me get my cursor out and give you that date. That was when it formed that bear sash candle on August 3rd. That was negated last week on Thursday. Price is above its TD nine count breakdown level. The Japanese gen wants to continue to move higher out there. But a bearish reversal candle would generate a sell the D point. But as this chart here, as the euro, as the yen, I should say is moving higher, it's weakening and putting strength inside the US dollar index. If the euro continues to move lower, which it likely will, that's going to put strength in the US dollar index. And right now, if the Great British Pound, it's really these three currencies that we'll focus on. If the Great British Pound closed below 1.2621, it'll negate its buy the D point pattern. And that'll suggest to move all the way back to its breakout level. And that's at the 1.2437 area out there. So that's what's going on. What we can also do here is I'm going to close this out. I can't just say, I can't just sit here and tell you or suggest or say to you that, hey, the US dollar index negated its sell the D point pattern. And therefore it's absolutely going higher. We can't do that. Why? Because of the underlying instruments and the weightings inside of those. So we really do have to pay attention to what's going on with these currency pairs. Let's close this chart out. However, if we want to go just dive down a little bit into the Euro, let me see, I think I've got those charts here. So we've got those charts here that are populating. And as we dive down into the Euro, what do we see? Well, on a 30 minute basis, we see a TD9 count bottom of this form. And that ran price right up to the oscillator and change line. That's at red line 1.09 right now as a print. Price needs to close above that to then say, I'm going to target my next resistance level, which 1.092 and above that would be the TD9 count breakdown level 1.0953. The 30 minute chart has a bottom. That's it. Just looking around. No, you've got a five hour timeframe chart. No, this bar here, I'm going to open up the five hour chart. So the five hour chart is in a TD9 count bottom with this bar closing at 1pm. And then you've got another five hours. So this evening at about 6, you should see a five hour TD9 count bottom pattern complete. And so you'll want to watch that because if that low gets taken out, that's going to then suggest that in fact, on the daily basis, say to be equal CD to the downside out, you can't see it on this chart here, but it would really suggest that price is going to go target that level of 1.0696. And that's going to be important when you and I take a look at the markets day, we take a look at gold. So really just setting up why we're spending time here. Well, what I wanted to certainly be able to pass on to the importance of those bullish and bearish reversal candles. So certainly attend. If you don't know those, you certainly have got an opportunity to go get your knowledge about that this evening. So let's get away for now. In order for me to move away from, well, let's see here. Nah, that's what we're going to do. I'm going to move away from these charts, but before I completely do that, what I have to do is I need to close this chart out here and then switch to some different data feeds. Otherwise, I'm going to give you bad information and Stevie is not going to do that. Most certainly not intentionally out there. So I'm doing that right now as we speak. My apology. Oh, shoot. I didn't do it the way I need to. All right. It's going to tell you, well, we're going to be going into break. So they had a great weekend in Atlanta with my 10 month old grandson. He was a great kid. This child is going to automatically go to walking. He does not want to crawl. Period. Steve Rhodes with TFNN. Hey, who doesn't wants to crawl? We all want to walk. Steve Rhodes with TFNN. We'll be right back. This is a primary tool among successful traders and you should be no different. Candlestick patterns can demystify buy points, sell points, general price movement, and so much more. At 4 p.m. on Monday, August 14th, trader Teddy Keckstadt will be hosting a live, hour long webinar on Japanese Candlestick patterns. Teddy, the author of the Tiger 4x report, has been trading for 33 years and candlestick patterns have been instrumental to his success. For just $97, see how to use candlestick patterns to analyze stocks and options in order to capitalize on market swings, increase your odds of success, and decrease your risk. During this live webinar, you will learn when to use and when not to use Japanese candlestick patterns in this volatile market. Dispel the myths about this strategy and see just how much the mastery of candlestick pattern recognition can impact your trading. Visit TFNN.com today. TFNN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, Educating Investors Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing it number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN, Educating Investors. Three at 1-877-927-6648. Internationally at 727-873-7618. All right, folks, so we've still got that mix back out there. Let's take a moment here. Let me switch screens. Let's just take a moment. We're going to take a look at the equity markets and the questions that have come in. Let's do this first. Let me switch back to a different screen, and I want to just share with you the market breadth. So we get a feel for what's going on inside, at least the S&P and the NASDAQ 100. So this is the S&P chart. Right now, on a 30-minute basis, we're in a slightly negative market breadth. What I mean by that is there's 155 instruments trading below the support level, the bottom of its daily profile, versus 142 above. So it's a little bit of a toss, but it is still a negative market breadth out here for the S&P. Inside the NDX 100, this is, again, the 30-minute timeframe that we're looking at. We've got 31 above and 22 below. So we've got bullish on the 30-minute for the NASDAQ, bearish for the S&P 500. Let's go take a look at those other four timeframes, 60, 240 daily and weekly. We begin here by taking a look at the S&P 500, bullish on the 60. It was bearish on the 30. It's bearish on the 240, bearish on the daily, bullish on the weekly. So all this suggests CHOP, a choppy, choppy market. So if we take a look at the NASDAQ 100, you're bullish on the 30, you're bullish on the 60, but bearish on the 240 and the daily, bullish on the weekly. Again, a choppy type market out there. So we just want to set those parameters. Let's see how long as we're on this black background screen, Peter usually wants to know what's going on inside the Advanced Client Oscillator. So let's just flip over to that. We'll take a look at the New York Stock Exchange, AD Oscillator. And right now it's headed towards the oversold territory. If it gets down to the minus 150 level, that would then get it into oversold territory. So now let's go switch back and let's go take a look at what's going on inside the equity markets out here. To do that, we're going to switch screens. Give me a moment here. We'll get to those white background screens. We'll take a look at the ES, the NQ, the YM, and the Russell 2000, the RTY. If we take a look at the ES Mini, this is likely going to generate a TD9 count bottom. The reason that I have to say likely is today price must close below the close of bar number five. That close out there was at 45, 18, 50. As long as that unfolds, then you've got a TD9 count bottom that will confirm today and complete tomorrow. As I mentioned in the update, that we've got a new bullish structure daily profile that is attempting to form. The bottom that is at 44, 69. The top is at 45, 50. And it close above 45, 100 today, as long as this profile holds, we'll suggest a rally into the top of that profile, which is also where that oscillator and change line is at the moment. The NQ, a similar pattern today, is likely to become bar number nine of a TD9 count. It'll confirm that as long as today price closes below 15, 354, 25. If it does that, the pattern completes tomorrow, and that should take price up to the 15, 524 level. Now, the NQ, I did mention that it was trying to form a new profile. We don't see that on this white background chart. I'm going to flip back to my other set of charts just to at least provide you with that data. The data goes like this. Again, this will not be confirmed till this evening. But the bottom of that profile, our support is at 15, 079. The top is at 15, 551, and the center is pretty much center-ish. It's at 15, 315 out there. So you've got TD9 counts for the ES and the NQ. The issue here is the Dow is not participating. It is just, it has a sell the deep point pattern, but which has basically led to a consolidation with the inside of this profile. We have seen a couple of closes below the bottom of that profile, 35, 267. So it's just set up a little bit deeper consolidation range to the side. Now bar number eight is likely going to form today inside the Russell 2000. It's one day behind what the ES and the NQ are showing. We can see that the Russell has pulled back to a level of support. That can be a bottom as well. That's at 1906. But you really need to see that TD9 count bottom pattern confirmed. Today you need to see a close below the close of bar number four. That's likely going to happen, but we don't know for sure. That level is out at the 1955 10. And tomorrow you would need to see a close below 1930, 810 in order for the Russell 2000 to generate its TD9 count bottom pattern there. So how are we going to put this together? Well, one, we know we've got some choppy markets out here, but the ES and the NQ are signaling to you and I that they want to rally after they complete these patterns. And I believe it's those new profiles that are just simply adding to that signal. But again, it's only 1122 in the morning and we can't really call those new profiles. Let's say we can't guarantee them. Tomorrow we would be able to guarantee them and the next time later this evening we might be able to do that as well. So now let's go switch over. Let's go take a look at some of the requests that have come in. We don't want to get behind on those. The first one coming in from Hector and Patty, and actually Hector wanted to take a look at the A to B equal CD patterns inside of CVX. So let me just stay right here for a moment. Then we'll switch over to my black background charts. If we take a look at the daily timeframe for CVX, we don't see any kind of a topping signal. We see price trade above the top of its profile level as well as this green oxygen change line. It's bullish. In the weekly timeframe, you're trading above the top of its profile. You closed above it last week. A second close of 161.14 will suggest a further move higher. We've got a consolidation inside of the monthly profile, monthly profiles between 143.97 and 189.68. It has an arrangement to mitigate our top. So we don't really know what's going on in the monthly chart other than the weekly consolidation between profiles. But it does look like the daily and weekly are suggesting that price wants to continue to move higher. Now let's go back to those black background charts out here. And let's go ahead and pull up the tool that we can use to calculate those A to B equal CD patterns. Let's actually get over to CVX. That would be most helpful. And what Hector was focused on. So Hector, I want to take a look at this with you. Hector was focused on, he and his wife are going through the different workshops that are available through, if you're a subscriber to Mastering Probability. And one of those is focusing on the A to B equal CD pattern. And what Hector was looking at, he wanted to start here on the week that began May 29th out there. And that low is 149.74 is the A point. For a B point, what he'd like to use up here, and that's fine as the high from July 24th, that high out there, 1.6904. Now in the retracement, it was a 54% retracement. Last week, what we saw was price close above that 1.6404 level. That 1.6404 level had volume of 35 million shares. And last week, this passed it with 46 million shares. So this is suggesting that there is an A to B equal CD to the upside, that coders should take price to 170.52. Now, that's on the weekly timeframe chart. And yes, Hector, what you guys drew in there is absolutely valid. If I were to try to validate that A to B equal CD on the daily timeframe chart, I wouldn't be able to do it. Why? Because you were starting back just, and you probably saw this as well, but I just want to make sure that you did see this. If we, what we're using, you're using, let me just make sure, you're using the low from the week of May 29th. So now I want to get back to that timeframe. And that would be right back here, May 29th. So, no, I'm sorry, it would be right here. May, it was June 1st, so that was the week of, the reason I can't use that as the low for this on a daily timeframe is price retraced all the way back into it back on June 23rd. But I'm going to use that low, so that's an effective low. But we take a look at a daily timeframe, the daily timeframe on July 24th did volume of 9.7 million shares. And yes, price closed above it on Friday when it closed at 164.15, but it was 6.6 million shares. We typically don't see that. So it's a bit of confusion out here, but I'll just say this, as long as price remains about 164.04, you likely are going to go, or price is likely going to go target that 170.13 area, 170.13 to 170.52 out there. So Hector and Patty, I hope that that helps you out. Thanks much for taking the time to write in. The next request coming in from Dan inside the Tigers and I'm going to flip back to the white background charts. Let me give me a moment to do that. I'm going to take a look at the banking sector, KRE. So give me just a moment, we'll get there. And it was really, the question was really just a general overview as to what we see in the chart. So the first thing that we see when we take a look at the regional banking sector, KRE is what? Roadsman to mitigator top. With what? Price consolidating with inside his profile. That makes 46.55 Dan a real key level. Why is that? As the price closes below it, it could be signaling to an IA change in trend. That would take us down to the 43.58 area. Steve Rhodes with CFNN, you're right back. The gold report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market and the Shanghai gold exchange. The gold report. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, the South African Rand, as well as 25 different mining equities with specific buy sell recommendations. The gold report. New subscribers get a 30 day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's gold report newsletter now at TFNN.com. And now they are expanding their reach with the Tigers Den available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tigers Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tigresses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tigers Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 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. TFNN.com. Then hit Watch Tiger TV. That's TFNN.com. Then hit Watch Tiger TV. I've got folks who are taking a look at the charts here for the regional banking sector, the KRE. We've established on the weekly daily timeframe. You've got a roadsman-dominicator top. You've got a sideways consolidation with inside profile closed below that level. At $46.55, the bottom of that profile would suggest lower price. Now, I said lower price, the target being $43.58 to the downside. We don't have a topping pattern inside the weekly timeframe chart, but that would really be the next support level that stands out, $43.58. Below that would be $40.52. The monthly chart, prices trading within, prices were closed above last month, they closed above the top of its profile, still kind of too early. That level, the top of that profile is at $46.84. So that would suggest that it wants to rally further, but you've got to pay attention to the daily right now and the weekly chart. So it's really the daily. That's the one that we need to keep our eyes on. So Dan, I hope that that helped you out with regard to KRE. And thank you so much for the request. The next request is to take a look at ticker symbol. Oh, was it take a look at gold? So that next request came in from Jimmy D. And his question was, has gold or the GLD bottom? So for that, let's go take a look at this set of charts out here. This set of charts, we're going to answer that in one fell swoop. So what we really want to focus on to answer that question is gold versus the GLD. Oh, I don't have the GLD up there. Thought I did. So if we take a look at gold up our left-hand side, you're going to see that today is going to complete the TD9 count bottom. Now, this is trading back into a prior TD9 count bottom. It went up to a TD9 count top. So the question is, do the TD9 counts work? Well, they typically do. In this case, the question is, will they? Well, there is that influencing factor that we took a look at on the US dollar index. The euro looks like it's busting through the lows. Once dead, lower. The yen looks like it wants to weaken and further its move higher. And there's a possibility the pound wants to take out. It's by the D point pattern. So over time, we'll find out here. And I think that time is within the next 24 hours or so. But yes, the question was, is there a TD9 count bottom? And the answer, Jimmy, is yes, absolutely. Would I be paying attention to GLD? Absolutely not. Because this is the underlying instrument. And I believe if we go take a look at the GLD, which we'll do, I'll put those screens up out there. I think you're also asking about the GDX. And here you can see that the GDX had formed a TD9 count bottom last Wednesday out there. So yes, we've got bottoms and we take a look at silver. It's also going to complete a TD9 count bottom today. Now, what should transpire at a minimum is price should move up to Tesla, Azos, that are in change line. In Gold's case, 1959 silver around 2334. Again, those numbers are going to change as price moves up and down. So that takes care of that question. Well, the only thing it doesn't take care of is looking at the GLD. So let's do that. Let's definitely answer Jimmy's question out here. Let's take a look at it. So let's put up GLD, not GLF, because that's not going to GLDD. That's not going to help us. And at the GLD, momentarily, we'll see this populate. Sorry about that. I think I got too much run in the background. And yeah, so it's TD9 count bottom completed on Friday of last week out there. And that says that price would need to close above the top of the profile. What we like about this is that price actually came back and it's tested and rejected. It's breakout level 176.66 out here. But it's really Jimmy. It's really the underlying instrument, the gold contract that you want to pay attention to, not the ETF structures out here. Not that we don't want to pay attention to them. They do provide us with information, but really it's the underlying instrument that we want to focus in on. So hope that helped answer your questions about gold, the GLD, the GDX, and thanks much for the request. Last week, we were taking a look at Micron. MU is the ticker symbol out there. And we said, or I mentioned, hey, we should get back and take a look at it. Now, Friday was bottom number eight of a TD9 count, John C. In order for this to form a TD9 count bottom, price today must close below, and I'll give you that level, that's going to be 67.65. 67.65 for MU. If price closes above that, this TD9 count pattern goes away. So that's the first element. Now, what price has done today, it's rallied right up to that green oscillator and change line. If price can clear that, even if the TD9 count pattern goes away on a daily basis, if price can get above that, that will still suggest that odds favor a further rally. Now, the further rally would then want to take on 69.14. That would be the next area of resistance. You're trading into the first level of resistance, again, that green oscillator and change line. So micron may form a TD9 count bottom, but if the rally continues, well, the answer is that pattern will go away. Do I have any other kind of pattern? It turns out we do. And what's that? That's the buy the D point. That would be a Gartley buy pattern. So, John, don't worry too much about whether it's just the TD9 count, just because Stevie said, hey, if it closed above that, then it's going to negate that signal. But here we can see the A to B equal CD pattern. We'll just simply draw the A to B in. I'll go ahead and move that over to the C point. Give me a moment so that I can grab it. There we go. So you can see we've extended well beyond the 1 to 1 level. And as long as we get a bullish reversal cannon, it seems like that is likely going to happen inside of micron today. Unless just the blank hits the fan, you're going to have a bottoming signal. So that then says, watch the resistance levels, which we've already discussed. On a weekly basis, we just have a consolidation with insider profile. We can say the same about the monthly timeframe. So, John C, thanks for remembering and reminding me to take a look at micron for you. And I hope that that review helped. Dan, inside the Tigersdale, let's take a look at GSM. So let's get over to... Oh, we didn't get those charts in. We will right now. GSM is... G... Where's that now? Sorry about that. GSM is FaroGlobe PLC. Trading out $4.79 with a powerful hammer candle today as prices pulled back to its breakout level. That breakout level being $4.61. You're going against a prior bottom out here with a swing point. This is on July 6th. July 6th, holiday time, one million shares. So far today, you've done 421,000 shares. It's actually pretty good volume. But I don't know how you really benchmark it against that July 6th day, knowing that that was definitely a holiday session. So here's how Steve would benchmark it. Price is pulling back and testing the bottom of its bullish structure daily profile. And if price does close below that low, that low, by the way, let me get here, that low is $4.78. It's going to suggest another run for the breakout level. Sometimes pulling back to the breakout area can be a bottom pattern. So if that's the case for GSM, for FaroGlobe, let's go take a 30-minute time frame chart because we should see on intraday time frames. And 30 is not the only time frame to use. You should consider using a 65-minute time frame as well. 130-minute, 195, those would be the primary time frames to use in analyzing your intraday charts. 15 minutes will work. Just fine as well and a 30-minute. So now we're looking at that 30-minute chart. And this shows Roadsman Dominicator signal, but it didn't generate that bullish reversal candle dance. It always makes me somewhat skeptical. However, price is back inside its profile. And so we do have a rally that's going on inside of GSM. What you're looking for, first I would say is for price to take out the top of that profile. But we saw that price took that out for three consecutive sessions and that should have led to higher price and that didn't. So I'm somewhat suspect as to suggesting to you that a price closed by $482 that you're off to $506 out there. But you've got the bottom pattern. You just don't have the signal. You don't have the confirmation of that pattern at this moment. So with regard to GSM right now I just have to leave you with watch the bottom of that daily profile. See what today's candle is. If you've got a nice hammer candle, that would be a beautiful thing as well. Steve Roads with TFNN. We get back from this break. We're going to take a look at Nvidia for McGuppy as well as the SMHs and of course folks, I'd love to hear from you as well. That's Steve at TFNN.com Anything will do. You might think that if you want to be successful at trading in the stock market you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at TFNN.com The opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman and your inbox every day. First time subscribers also get a 30-day money back guarantee. If you're not satisfied let us know and you'll get a full hand within 30 days of signing up. TFNN.com Educating Investors Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at TFNN.com When you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts videos and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors should consider the investment objectives risks, charges and expenses of the direction chairs 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 Foreside 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 we're going to go take a look at the charts here for NVIDIA this is from a guppy inside the Tiger's Den and sorry I was doing a couple of things so the question was is the low end. What I can share with you is NVIDIA has certainly formed a buy the D point pattern it looks like this I'll start with the A point out here we'll draw that down to the B point out there that's also labeled B from a Chapman wave lettering standpoint I'm just simply going to move that A to B I'm going to try to there we go move that to the C point out here that's going to be right there and you can see you've made the 1 to 1 A to B equals CDN. Right now you've got that bullish reversal candle what that suggests that what NVIDIA should do is at least rally up into test an area of resistance the first level is 440-189 that is the bottom of its daily profile let me just check on my other screen just to make sure NVIDIA oh wait a minute NVIDIA is attempting to form a new profile right now the bottom of which is a 408-404 McGuffey so put that down on your pad of paper and the resistance zone and it is a zone because it is a bearish structure between 445 and 456 and at 449 you got the green oster and change line so price should target that bearish structured zone area 445 to 456 on the weekly time frame you got price last week came back and tested the bottom of its profile down to the 408-99 level so as long as that area holds that's good on a monthly time frame if at the end of the month we did generate or it did generate a bearish reversal candle then it would form a rose momentum indicator top right now to answer your question specifically did this form a bottom the answer is yes if we look at the 30 minute time frame we'll see that this also formed a rose momentum indicator bottom out there and now price above resistance at 418-34 so this should continue to run higher out there it's going to be that daily levels no it's not the daily there's nothing else really so NVIDIA should continue to move higher McGuffey if we go take a look at the SMH's that was your second request out here they too are forming a TD now they're forming a TD 9 count bottom and that's likely going to happen today price would have to get way up here did the 150 three-ish level we're at 149 to negate that as a possible signal but there's an A to B equal CD as well to the downside so you've got to confirm by the D point pattern you will have a confirmed TD 9 count bottom that pattern completes tomorrow and what price should do now let me just check on the SMH's perhaps there's a new profiles also a temp uniform let's just find out so I'm doing that research on my other screen out here no there is not so what price should do is run up to that 150 169 area and if it can overtake that then it should go target that oscillator and change line that's at 154 on a weekly timeframe prices you've got a new profile here that's a temp uniform so you'd like to see a weekly close above 147 55 McGuffey to confirm that daily signal that we're looking because the price close below that even if it's just below that it's a somewhat suspect but to answer your question right now yes the SMH's and as of 1145 in the morning are confirming both a TD 9 count bottom and a by the D point pattern the next request coming in from a Lori Lori wants to take a look at that IONQ out here so let's pull those screens up and she is looking for an entry point now we take a look at IONQ what we can see here is a rosement to mitigate her top that formed get to somewhere the screen too just to make sure there's where's that what did I do okay so right now you've got a new profile so you've got a confirmed rosement to mitigate her top you have a new profile that formed on a Friday of last week it is bullish in structure and what you'd love to see this do so it so let's do this here it's easier now I'm going to I have problems with changing screens I'm going to stay put so what we what we got out here was I wanted to see what are we so we don't have we got a confirmed top we don't have this confirmed bottom pattern what we just have right now is price consulting with inside its new profile level and that's ranges from 1464 to 1625 yesterday on Friday I should say price ran that whole gamut it ran up and tested the 1625 level tested the oscillator and chains I rejected that today we're back inside we're still inside that profile level I don't have a clear signal here Laura even though it took me a while to spin it out I'm spinning out now I don't have a clear signal here to suggest that you enter a position just yet instead I think you need to watch this a bit more why because this could be signaling an A to B equal CD to the downside pattern could be we had big volume inside this on Friday when I say big volume the volume on this instrument was about 51 million shares give you an idea today we're at 9.7 million shares I don't have a top on the weekly I don't have a top on the monthly chart out here so it's really about the daily and I just don't have a great feel if I go down to a 30 minute time frame chart what do we have here well now this is helpful because we have a teeny nine count bottom pattern and a price closes below the low of that pattern let me give that to you right now below that pattern is out at 1492 a price close below that that tells us that yeah we don't have a bottom at least on an intraday basis and that we're likely headed lower but I don't have a really solid reason to suggest that you enter a position now knowing that price we don't have a bottom pattern on the daily and knowing that price ran into resistance levels on Friday and so I would just stay put there but right back if you know if you see some other developments inside of IONQ please write back we'll be happy to take a look at that for you. Alton wanted to take a look at CHK so let's get over and take a look at those charts CHK and he is he'd like to start a position so CHK right now trading out at about $84.23 it's really $84.09 I've got a little bit of a delay here you have a new profile that formed last week price is likely going to go target the $81.90 level that's as long as price close below $84.28 from a topping standpoint on a daily basis the only top that I potentially have is a is a wave 7 top so we do have a top in place wave number 7 so it says what you're looking for an entry point you've got to wait and be patient odds favor move back to $81.90 and then what we'd be looking at Alton as price approaches that level is do we have some bottoming signals on the intraday time frame such as the 30 minute out there if we take a quick peek at the 30 minute chart right now you've got arrangement to indicate a confirmed bottom for price not being able to clear that oscillator and change line this is suggesting to you and first it's a neutral signal and it makes this pattern somewhat suspect out there so be patient on this one as well just like Lori I think this one is going to require a bit of patience Microsoft was requested by Nancy inside the Tigers then let's put that up on our screens out here Microsoft right now let me see what is this printing out exactly printing out at 30 2363 and what do we have I don't have a bottom I don't have a bottom signal bottom pattern if anything Microsoft negated it's TD9 account bottom hmm a bullish reversal candle I can see where that would confirm a bottom we don't have that out there you've just got a little bit of a rally now what's not shown on this screen here Nancy that is shown on my other one is a new profile so your new support level is 32080 your resistant zone because it's a bare structure profile is between 327 and 330 so those are the areas to watch out there I say close below 32080 is going to suggest lower price on a weekly basis we're trading below profile we close below it on Friday it's got a TD9 account top that suggests to move to 30759 out there your next level of support other than the 32080 level is at 31759 so that's what I see when we take a look at Microsoft I know you want an Apple as well I'll put those charts up on our screen right here they're streaming inside the Tigers then you'll be able to take a look at those during the break out here but here's what we can say right now as it gets populated I don't see a bottom pattern the question is is Apple also forming a new market profile and for that answer the answer is yes I'll give those that data to you as soon as we get back to the link if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30 day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com tfnn educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman and your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader Larry Pesavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24 7 newsletter today tfnn.com educating investors 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 stand available to all tigers and tigers for just one dollar for the year there's no catch or added 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 you back folks so Nancy you got new profiles you also have a TD 9 count bottom inside of Apple that will form today so long as price closes below $179.80 a price were to close above $179.80 and I don't know what it's going to do $178.13 right now but a close above $179.80 will negate the TD 9 count bottom there'll be there will be no other bottom pattern that I see out here so you're looking for Apple to not rally much further out there then you'll get your bottom and take place as price should then target its oscillator and change line that's up to $184.95 level the top of its new profiles at $182.88 so mark those levels but really the $182.88 is the first area the oscillator and change line is going to change in prices price moves up and down your support level is at $178.13 and that is a real strong support level the reason I say it's real strong even though it's not showing on my screen the center and the bottom are in the same position so if you see Apple close below $178.13 being long is not its message and said that would suggest move back to $175.31 that doesn't mean that you can't remain long that would just really what I'm really trying to say is you should prepare for lower price out there but right now you've got a TD 9 count potential bottom out there you'll know by day's end. McGuppy wanted to take a look at mosaic out here let's take a quick peek at that MOS is a ticker symbol that's not it let's try that one more time out there we take a look at mosaic mosaic informed a sell the D point pattern McGuppy this is back here on August the 10th so that was back last Thursday right now price gaps down inside its bullish structured profile its support level is $39.64 to $39.94 that's where the buy the dipsters are located but at price close below $39.64 they won't show up again until about $35.95 to close out the show folks let's go take a look at the NQ it's intraday charts out here the level to be watching in my opinion and it really comes from the four and five hour charts here is the resistance of the top of their profiles and that's where price afford they formed roadsman to minicator bottoms on Friday of last week and where the rally ran in resistance with the top of those profiles and top of that profile is up at 15 to 21 now the current candle sales that we're in does not close till 2pm that still could act as resistance but that's what you're watching for days in a price close above that we are likely rallying further inside of the NQ folks stay tuned for some great programming I'll be back with you on terrific Tuesday actually I'll be back around 3.15 with Tom I just got to figure out what it is we're going to talk about but have a magnificent marvelous Monday and I'll see you tomorrow take care