 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 November 5th, the fantastic Friday edition of today's Trader's Edge show. I'm your host, Stevie 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 of 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 just passed one o'clock in the afternoon. I want you to know I'm absolutely grateful for your presence here. But more important than that and that's this. During this next 60 minutes I'm here to serve you. So feel free to pick up that phone. You can dial on in at 877-927-6648 and if you can't dial in, well we've got you covered there too. Let those fingers do the walking. Go ahead and send me an email. Send it to Steve at tfnn.com and inside that subject heading if you would be kind enough to put radio show question of course in our Tigers Den. Well any and every paying will do. So let's go ahead and get this show started on Fantastic Friday. Of course this is Tiger, Financial News Network. I'm Steve Rhodes. Welcome to Let's Show. All the U.S. indices traded the upside. We'll go figure out what that means here shortly. But the dow is up nearly 200 points, a half a percent. The S&P about 20, about four tenths of a cent. NASDAQ is up about two tenths or 34. Russell's up one and three tenths, 32. Summizer up one percent, 35 points. Tranny's up four tenths of a cent. 73 points there. You've got the XAU up one and six tenths percent. Gold is one and two tenths percent. Silver's up eight tenths or 19 pennies. Lights be crewed, trading right up into resistance at 81.30. It's up 249. Lead the charge dollar wise. The upside booking holdings up six percent, 161 bucks. Mercado, Libé, 83. Amazon, 71. Snapdix up 31. Bill.com is up 32. To the downside is Moderna. Lead the charge off 70 bucks, 25 percent. Buy on the tech down 22 percent, 60 bucks. Regeneron off 39. Novavax down 31. Peloton down 29. So there's certainly plenty to look at. Of course, I want to look at what you want to look at and no questions yet interesting. Must be Friday. So no questions here in the Tiger's Den or by email. So let's just go take a look at what we're going to take a look at. Let's go begin by looking at the general market. So as we take a look at the equity future contracts out here, what do we have? We're up at new highs out here for the Dow, for the ES, for the NQ, for the Russell 2000. And really the question is what does that mean? So let me say what does this mean here? First chart, we're actually going to look at is the DAX. And we're going to pay attention to DAX because you're going to pay attention to the DAX come Sunday evening into the early morning hours on Monday just to try to get a feel. So the DAX and the NASDAQ composite are very correlated to each other, typically. And that correlation exists as we speak right now. In the case of the DAX yesterday was the bar following bar number nine of a TD9 count. That threshold level that if price were to close above today was tested and rejected. So it still has a valid topping signal. And that level that it would need to close above is 1606479. That's the high from yesterday. So what we have right now is still a valid topping pattern inside of the DAX. And we put that together with the NASDAQ out here, the NASDAQ composite, the NDX100. In this case, we'll take a look at the NQ. Maybe you'll try to understand. Maybe you will understand where it is that I'm going. So where I'm going with this is that we do have potential tops out here inside of the market. But the first signal will likely come Sunday evening out here. And if you do see price trading above 16064, of course, it will be the close. But trading above it says, maybe this is going to break out. And if that's the case, then the likely outcome is no short-term top inside the US markets. And in fact, instead what we would anticipate is that the US markets would be making their consolidation measured moves with price targets inside the NQ as an example at 16928. We're not willing to make that call. We do believe over time that's where price is going. But as I switch over, give me a moment here to get the screen set up for that. We'll go take a look at the four equity future contracts. Once I get that up on our screen here, what we're going to see is both the ES and the NQ are the ones that are going to form bar number eight today. Now, you need to have bar number nine complete. That means on Monday. And that can be a higher high. But again, we're trying to use the as one of our gauges, the DAX, which has a valid TD9 top. We know that resistance held because we saw how price traded today. And now you can see you've got the ES many in the upper left, the NQ in the upper right. Today will become bar number eight unless we see it close below bar number four. That's not likely to happen out here. Now, you still have to get a bar number nine to complete. And that means that come Monday, the close of the NQ must or the close of the ES must be above 462150. In the case of the NQ, the close on Monday will need to be above 1595925. If we get that, then you're going to have a valid TD9 count top. The question will be, will the high be on bar number eight, Monday's bar or Tuesday's bar. So that's what we want to pay attention to and watch. Now, if we do get that pattern, what we would expect, what we would anticipate, we'd expect the ES many to pull back to test its oscillator and change line. That's currently printed a 4619. So you have to use that as a guideline as to where price would pull back to. If we take a look at the NQ, where price would pull back to or should pull back to would be its oscillator and change line. And that's at 15919. Now, as we take a look at the Dow, that's your lower left panel out here. It is only in bar number seven. So it needs an extra day in order to complete its topping signal. Of course, there are A to B equal CD structures that are in place out here. And any one of these instruments could generate a bearish reversal candle to confirm a sell the D point. So I don't know in the case of the Dow if we're just going to have to wait to get that TD9 count and that bar number eight will not form until Monday out there, which means it's Monday through Wednesday. The Russell 2000, it's a long ways away from, well, it's forward bars away from being able to possibly generate a TD9 count. So I think the Russell may take its cue from the other instruments. So right now, the DAX is giving us a signal that is TD9 count top is held. We know about a correlation that exists. I probably can show you that correlation here. Give me a moment. This will be between the big guy that is the NASDAQ composite itself. So here, this is the correlation chart. The top portion being the DAX, the bottom portion representing the correlation between the DAX and the NASDAQ composite. And all those lines, 10 day average, all those lines above zero tell you about the directional correlation between the two of them. Now, if we go take a look at the short term timeframe chart, let's just do that just to get a feel for what the market is communicating to you and I in the short term. And here we look at the 30 minute charts. In the 30 minute charts, we can see wave number seven, erodesment, dominicator top, the ES mini. Prices below it's a TAS market profile level of 46.93. I asked you, where is price headed to? And you're exactly correct. I'm sure Ruby would have said, Hey, Stevie, that's easy. 46.70. If I say, where is the NQ going to? It has erodesment, dominicator top. You're right. 16, 3, 17, 75. Inside of the Dow 35.969 is its target and 24.00.40 is the target for the Russell 2000. I take that back. The Russell 2000's next target is 24.21. And below that 24.00. Steve Rhodes with TFN, we'll be right back. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn. And he shares his vast amount of trading knowledge every day. It is 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. What's separating you from the most successful men and women on Wall Street? That's right, information. 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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. 8-7-3-7-6-1-8 Welcome back, folks. So one of our dinners, John and the Tiger's Den, kind of have to point out to us that if we take a look at the expansion of the last set of swing points inside the ESMini, that expansion would be the high it looks like from September the 3rd at a 45-10, all the way down to the low on September, I'm sorry, in October the 1st. That's at the 42-60 level. What we'll see is that the ESMini really hit it right to the T, the 1.618 expansionary. So as price hits these expansion areas, typically they become a, well, they can become a turning area. So when we talked about looking at the ESMini and the NQ forming bar number 8 today, that's why we're paying attention to that. We quickly, and I'll just pull up the other charts here, the short-term timeframe charts, so I can help our intraday traders out there. But if we do see price begin trading about 47-13, you can see I've put in a small A to B equal CD on the weekly timeframe chart. That would take us up to the 47-89 level. But we are at a normal natural resistance area. Again, the DAX holding that TD-9 count, I think that was an important piece of information. And the bar 8s that are forming inside the ESMini and the NQ. Now, real quickly back to those short-term timeframe charts here, just so that I make sure that you guys have that data. So the NQ, right now, it's got the Roadsman Dementicator signal. When you close below the bottom, in this case here, it was a bullish structured 30-minute profile. Pretty much signals you're going to go back and test support, the breakout area. So another area of support. And that's at the 16, 317, 75 level. If you're asking me where are the buy the dipsters, that's where they're at. They're not here right now, it's 16, 354. They're patiently waiting for 16, 317. They also know that if we see a close below 16, 317, we're very likely to go to the next breakout area and that would be 16, 157. At this stage here, as strong as the markets have been, just anticipate that that level will hold. Now, in the case of the ESMini, it is right now in this 30-minute session, which there's 10 more minutes to it, trading below the bottom of its profile. Two consecutive close, but certainly one consecutive close says, okay, maybe time to move lower. That would be targeting the 46-70 area. Inside the Dow, prices below the, I don't actually have a, probably have a sell the D-point. Yeah, I can see a sell the D-point pattern here. Prices below the bottom of its profile below its oscillator and change line. And that would suggest a run back to 35, 969. Again, I'd watch the NQ first because it would be the one to get to that target level of 16, 317. See what happens there. If that fails, then the Dow YM should certainly get to that 35, 969 area. And the Russell right now just consolidating inside that profile. So the area of support here is first at 24-21 and below that would be 24-100. So that's what's going on in the inter-day. That's what's going on on the daily timeframe. I believe we have eight questions that is coming. So, John, thank you for pointing that out to me. That is very helpful and allows us to share that with the listening audience. We've got a question that has come in or won so far. But you too can get it on the game. This one's coming from Joe. So if your name's not Joe, go ahead and send me an email, Steve, at tfn.com with some type of question inside the Tiger's Den. Any ping will do. So Joe wants to take a look at Zillow. So let's get the Zillow charts up on my screen here. We'll start with the black background charts. And Joe's question is, can you please take a look at Zillow? Absolutely. For an entry point, short-term position. So here's what we know about Zillow this week. Is that price gap down below its daily profile? Move below its weekly profile. And it's now below its monthly profile. So Joe, you and I are going to have to find a very compelling reason to take a long trade inside of Zillow. But let's go ahead and pull back its set of charts out here. Those charts, excuse me. So what do we have? On the daily timeframe, we got nothing, not a Zill Zippo. So can't give you a buy point here because we don't have any kind of a pattern. And let's go take a look at the longer term, a weekly chart. What do we have here? The weekly chart says, let's look at $54.31. We're at $66.46. $54.31 is its next breakout level. Below that would be $32.29. Now what we'd like to see, Joe, is should price get to this $54.31, we'd like to be able to look back at the daily timeframe chart and see some type of bottoming signal. Maybe it's a Roadsman Dominicator bottom. Maybe it is a TD9 count. Maybe it's a buy the D point. It could be any of those patterns, but we want to see some type of pattern going on there. On the monthly chart, this says, hey, be careful, beware, $40.81, $39.78 is really where this wants to get back to. It's got a nice TD9 count top, only in bar number seven on the monthly. Oh, you don't see the charts. I've been doing all that and you haven't seen charts. Oh man, Stevo, Stevo, Stevo. That is where I need that two by four. Just bop me upside the head. Here's Zillow. Let's go back. Sorry about that. I've got to repeat it. Joe asked a question. I need to show it to him. So Joe, here's the daily timeframe chart where we're at right now. I see no signal whatsoever, so we're not going to spend a lot of time on the daily timeframe now. Instead, we look to the weekly chart. We don't have a bottom pattern necessarily that's going to form at $54.31, but that is an area where price should find support. It's a breakout area and as price gets down there, you want to go back to the daily timeframe, see what kind of pattern might be there, and if we have a pattern, that would be a buy point. So right now, the first potential, not a underscore potential where we're looking at is about the $54.31 area. The weekly or the monthly chart says, ah, the heck with that, why don't you guys just simply look at the $40.81 level? That would be the next area where we would take a look at it. Your question though was an entry point for a short term position, but this all suggests that price is headed lower. So maybe your question was, you wanted an entry point, but you didn't say which way you wanted to trade. Now, we're not going to trade this at the short side now. And I don't think you really talk about intraday trading. So here's the deal, Joe. Just thanks for the question, sit tight on Zillow. Now is not the time, or at least we're not seeing a signal that now is the time. And I hope that that helps you out and have a great weekend. John in the Tiger's Den writes in another one. So John is talking about the two one flat and then down day. So right now we've got gold up one percent. Was that was yesterday a two percent day, John? Is that what you were? No, maybe it was. I don't know. But typically, John has found that if you see a day, I'm guessing that you're referring to yesterday was a two percent day. Yes, okay. So what John has experienced is that as gold moves higher, when you get to the one percent level out there, the sellers are saying, well, okay. Once you get above the one percent level, you typically will go to two percent, not that you necessarily close that level. And I guess in John's case, he's done the work and that's what we saw yesterday. So it's not unusual to have a two percent day followed up with a one percent day. Is that correct, John? I think the answer is yes there. And in essence, that in essence, what he's pointing out, we're up one percent, a little over one and six, one and two tenths percent inside of Goldilocks. So what John is saying is, hey, folks, in this pattern that he's identified, what you should expect on Monday, Sunday Monday, is just really sideways movement. And then the very next day, some type of pullback. Now, in this case here, the pullback that we will be looking for would be a pullback that would test 1804, the top of its daily profile. So two patterns that John has identified and shared with. So thank you very much for doing that. That is a very kind of you. So folks, now you know what, and I'll tell you what, folks. I would take the bet. I would take the odds in Las Vegas of John being right and that we see cold moves sideways out there because we're not talking about like this is a pattern that he's learned over a period of years. We're talking decades here. And so he knows exactly what he's talking about. I don't have any other requests at the moment. So we're going to a breakout here. Maybe you'll feel like you want to call in or send me an email at Steve at TFNN.com. But when we do come back for this break, let's go take a look at Goldilocks on the larger picture and that's what we'll do. We'll be right back. You having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex predator in the trading markets and join the Tiger's Den trading room only at TFNN.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. Subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our TFNN hosts live during their shows. 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The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day, unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Back up folks, so we don't have an all-green market right now. You've got the Nasdaq 134, the Composites of 32, Wilshire's down just slightly out there. So let's go to our next question. Now this question comes in from a guy named Jack, and his question is also about a guy named Jack out there. Now, and Jack, I'll say thank you for all the accolades that you wrote in here. I'm not going to read those to the listening audience. But Jack's basic question is, can I tell him why Jack Dorsey is either right or wrong about hyperinflation? So I don't have any charts here to share with you or to show you. But if you're asking me, is Jack Dorsey right or wrong with regard to hyperinflation inside the United States? The first thing Jack I'd have to say is, well, I don't know. I didn't see his tweet because I don't follow that stuff. And I don't know what his context was. But if I assume that his context was that he was talking about the USA and that he was talking about in the short term. And if that's the case, then he is wrong, as John also writes it in the tiger's den. And here's the reasons why he is wrong. First of all, all you have to do is go back and take a look at history. So hyperinflation, different than the type of inflation that we have now, hyperinflation is all about when the people lose faith in both the government and the currency. So all you really have to do is think back about a couple of different instances, such as you can go back and take a look at Venezuela. And people lost confidence in the government and the currency. Go take a look at Turkey. When they went through hyperinflation, it was the same thing. People lost confidence in government and the currency. You can go back to go back to to Mexico, right? Remember when the peso and there was million dollar pesos out there? So the reason that so people lost I'm not saying that people can't lose faith in the government here, but they are not going to lose faith in the currency. And why is that? Because this is the world reserve currency. And as long as the US dollar remains the world reserve currency, this is where people flushed to. This is where people move to. You have the US markets up today, Jack, and you have Treasury bonds up today. Investing in Treasury bonds is also investing in US dollars out there. And that's what we see going on. If we take a look at the where confidence is across the globe right now, all we have to do is take a look at the last 44 weeks out here since the beginning of the year and take a look and see where is it that investors have confidence. It is in the US markets, followed then by the German market, the DAX, which is about 17%, followed by the FTSE in France. And then that's about it. Other than some commodities out here. So Jack Dorsey is wrong short term. Do I believe that we could have that type of hyperinflation where we lose faith in the dollar and the US government? The answer is yes. But that's probably many years away, not something inside the near term future. So that's the best way that I can answer your question. Again, I don't have his full context out there. But when you are the reserve currency of the world, we can see people are moving into US dollars out here. Just take a look at the 30 year Treasury. Take a look at the US dollar index out there. And that's what you'll see. So all of this. And so that's my answer to your question. And we can go back throughout history and you could prove that time and time and time and time and time again. So no other questions I see other than one from TKC. So what beautiful timing. TKC, you are a beautiful timer out there. So let's go take a look at what that request is, which is to take a look at MRK, Merck out here. And so let's get those charts flying on the black background. Let me get over to my other sets of charts so I can get those rolling for us as well. So give me just a moment here. And that is MRK. And what is the question? Your question was, you're looking for long-term entry into Merck. Okay, so we're not going to buy the big pullback today. Okay, perfect. So right now we've got Merck that is pulled all the way back inside its daily profile. And right now it's sitting right at the center. So one potential area to look at TKC would be the bottom of that profile. That's at $79.80. If we take a look at the weekly timeframe chart, it's hard to see. In fact, it's nearly impossible to see. But the top of the profile is where that $83.19 bar on the right in the center panel is. So price is now below the top of the profile. And that would suggest price could move all the way back to $72.73. First level is $79. Next levels are $72.73. Another level is the top of the monthly profile. That's at $77. So we've kind of got our range out here. It's between $72 and $77. Now what you'd want to do as Merck is pulling back into those areas is see some kind of bottoming patterns, and preferably on the daily timeframe. In this case here, what we're going to get today is a Confirm Roadsman to Mindicator signal. This suggests TKC that price should pull back to that $79.80, but its breakout level is also in play. And that breakout level is $78.11. So you're asking me, where is a long-term entry point? I would be watching that $78.11 area. What we would like to see as price gets into whether it's $78.11 or $79.80, what we'd like to see is some type of short-term patterns on the intraday charts, like a 30-minute chart, for example, such as this one. Do we have one? No, we do not. Now is not the time. I think you need to be patient out here and let this thing pull back to key levels of support, see if those areas hold, and then look to those short-term timeframe charts to look for an entry point. Does that help you out? Does that answer your question? Am I clear as to why it is that the charts are communicating what they are communicating today? On the weekly chart as well, we can also see at about the $79 area is its oscillator and change line. So that $78.96, $79 area maybe should hold inside of Merck out here. So I hope that that helps you out. And thanks so much for writing in. What I don't have is another question. So it is, oh, I take that back. We've got two. Thank you, folks. And the first one coming from Eddie. And Eddie says, Steve, no one has mentioned the Pfizer news with the Tama Flu type pill that they tested with 90% efficacy in trial service cases of COVID. Gottlieb claimed it's the end of the pandemic. Of course, he sits on that board, doesn't he? You don't think he has a vested interest, do you? Really? Yeah. Well, so I'm not going to go there. Do you think this is a sell the news event at the beginnings of a second? You know, all that I can say, I don't know what stock you're looking at Pfizer. What's Pfizer PFE? I believe out here. First of all, that trial was done on 3,000 people. I'm trying to read up about it. But so your question is, is this a sell the news for Pfizer out here? All that I could do is just take a look at the different patterns. Because, you know, Eddie, when I go back and I historically take a look at charts, we look at the patterns, what was going on in tops and bottoms. I can't hover over a candle to know what the news event might have been that was associated with that. So instead, let's just take a look at Merck and take a look at the patterns. Okay. And it would just simply answer it that way. We don't have to. We can just be objective about it. So on the daily timeframe out here, for this is still Merck. I thought I went to Pfizer. Give me a moment. I'm going to do that off the screen here just in case something ties it up. So now I'm back to my weekly and daily chart. So you've got a brand new daily chart, a brand new daily profile that is formed. So let's just take a let's just study that for a moment. Let me get rid of this A to B equal CD pattern out here. So you can see that today, a brand new profile form. And Eddie, this profile is below price. That is a bullish signal in the case of the stock for Pfizer. Not that it can't pull back, but this is a bullish signal. Supply is down below, not within it, not above it. And so this suggests that Pfizer wants to move higher. Looks like today is going to be a confirmed A to B equal CD to the upside. Steve Rhodes with TFNM will be right back and we'll finish looking at Pfizer for Eddie and Boca. Are you in the market for buying or selling real estate in the Bay area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay area. Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make most informed decisions across all price levels. 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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. Back to the Pfizer chart. Today's candle right now is not a bearish reversal candle. You've got a new profile that is formed below price. That is a bullish signal as well. This suggests to me that Pfizer is going to target the 49-79 area. If I take a look at its weekly profile, we're going to close back inside its weekly profile, something that has not done for a couple of months out here. This suggests to move to about the 49-39 level, kind of ties out to the A to B equals CD. All that being said, the monthly chart says I'm not doing any of that until I clear 47-44. And we can see how this is acted as resistance. 47-44 is the bearish swing point that takes you all the way back to 1999. Yes, 1999. Resistance is resistance as resistance is always resistance out here. And so in the case of Pfizer, Eddie, the real key level to be watching is going to be 47-44. So price is up at some resistance areas out here. No wonder it's struggling in this general vicinity. But do I think this is a sell the news from a technical standpoint? The answer is no, I don't have any kind of a topping pattern. I don't have a topping pattern in the case of the daily chart. When I take a look at what its action is today, even though it's trading in the lower, it gapped up, it's still higher versus yesterday. It's above a TD9 breakdown here at 46-72. That's a positive out here. And this suggests to run to 51-36. So technically speaking, no, this is not a sell the news event. It is a knee jerk reaction, I would say, yes. If I look at the weekly prices above its green oscillator and change line as well, we've already covered the weekly. So that looks pretty bullish. The monthly looks pretty bullish. We're back to the 47-44 level. So I think we've done as best as we can to answer from what buyers and sellers are doing and the technical tools that you and I use to make the determination that this is not the sell the deep point. This is not the end of the run for Pfizer out there. Of course, I could be wrong. But that's what the chart patterns are saying. And Eddie, your second question was, is there any worry about the global flow of capital being diverted from the United States? There's none on the charts that I take a look at. And you might have written that question and we had already taken a look at the global flow of capital. Understand this, that when it comes to the global flow of capital, what they are interested in is large caps. They are interested in the Dow. And the Dow is trading at new all-time highs in all four major currencies as we speak. It's trading higher in terms of euros, yen, pounds, and dollars. And that's a market that is in a breakout mode out there. So no, it's the US that is where the most confidence in it goes back to the question that Jack asked about Jack Dorsey, that where is it when things go to hell in a handbasket and they are going to overseas? Folks, I don't know what the total number of trillions are. Somebody in the den probably does of US-denominated bonds that were issued by other currency marketplaces out there. I say 17 trillion. Is that the number that's out there? Maybe somebody? I mean, I've heard of numbers like that. As the US dollar index moves higher, which it is, and here's the other BS stuff before Steve just shared some information with you out here, the idea that printing money means that gold should go to the roof out here is insane. Who can possibly think that after, since 2008, what's gone on inside the money supply and if we take a look at gold and so forth? That's not how it works. It's just an asset class. Then we take a look at buyers and sellers where price is going to get pushed up to. Look, you have to have, especially when you are the world's reserve currency and you have a rising population. I don't know if we have a rising population as a result of COVID or not at this specific day out here, but in the past we have had a rising population. Think of it like this. If you played the game of monopoly and you kept adding participants to it, don't you think the game would be played a whole lot easier if you increased the amount of cash that was inside there? Of course. You've got to do stuff like that. You've got to think in terms of things like that as well. With regard to the, if you start raising interest rates, which has already been telegraphed is going to happen, that's going to put a gigantic world of hurt and markets overseas. Certainly, people are not going to want to be in those bonds. They'll try to get out. They're going to be trapped like rats. Where are you going to put that money? That's investable money. That money's not going to just sit on the sidelines out there. It's got to be invested somewhere and where's it going to go? When things start really going to hell in a hand basket, it's going to come here to the good old US of A. Even though we've got our own problems here, our problems are much smaller than the economic problems that they have overseas. So, Eddie, yeah, I'm not worried about the global flow of capital, at least not at this stage, not as of 1.47 in the afternoon on November the 5th out there. The next question coming in from Brenta Martinez, California, and he wants to take a look at Moderna, MRNA. So, let's get that up on our charts out here, that also trading lower MRNA. And Brent's question is, what levels to the downside can you identify? Okay, and you have a nice weekend as well too, Brent. So, in the, we talked about yesterday, an A to B equal CD, or maybe the day before something, a potential of an A to B equal CD down pattern. Well, I've just got the conservative pattern that's in here. And Brent, that first target is a 191.85, but because the retracement of that target was only a 38% retracement, more likely than not, we're looking at about the 149 level, prices below brand new weekly profile. So, this says that, okay, maybe price heads back to the bottom of the monthly profile area. And Brent, that takes us to 155. So, now we're between 147 and 191 on the A to B equal CD pattern, support at 155.36 on the monthly timeframe. I think the answer is yes, we have a price target and it's in that range. So, let's just use the 155.36 level until we have additional information. As I pull over my white background chart out here, what do I see? Price right now is trading below a breakout level. The next breakout level is 200. The next breakout level below that is 173.63. Again, what we'd be looking for is some type of bullish reversal candle to confirm a buy the D point out here on a weekly basis. What other signals do we have? 16101 on a monthly basis other than the bottom of that profile. And that's really all we're going to look at as we speak right now. So, that 155 level is the area where I would be looking at. And Brent, thanks so much for writing in and always calling as well. And absolutely, you have a great weekend as well and hope all as well with the family. Hector and the fuel injectors want to take a look at Qualcomm. Q-C-O-M is the ticker symbol out here. Let's go take a look at Qualcomm. And the question is, where's resistance and support? Also, is this an A to B equal CD pattern out here? So, price is resistance is very clear. It's at 167.94. And 167.94 is the top of the monthly profile. So, Qualcomm has hit resistance. Pure and simple. Not that it can't close above it, but there's your resistance level. As I take a look at the daily and weekly chart here looking for any other signals, it's only bar number seven of a daily chart out here. So, no top, but you have hit resistance on the weekly chart for looking for any kind of pattern in which we are. Just back to a prior level of resistance at prior swing point area. So, everything looks good. Nice wide-ranging bar on the weekly basis coming to that resistance area, but you ask where's resistance and we've got that. Now, the next question is, where is support? And that question is perhaps a little bit more difficult to answer because it's way down lower out here. So, you're looking at 141. You're looking at 139. Those are the levels of support out here. So, those levels don't mean anything if you're long Qualcomm. Use some type of stop in place since price is at resistance. I'd recommend $5.14 and some type of derivative higher than that as your stop. Steve Rhodes with TFNN. We'll be right back. 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. 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. 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Let's go see if we can figure out where price is likely to pull back to. So, when you get a valid topping signal, such as the one that we have right now, the first target is going to be the green oscillator and change line. That's at $59.70. What I don't know is whether or not that level will hold. What I would be looking for, as price would be pulling back there, Susanna, some type of short-term bottoming signal, a 30-minute chart would be good, 65-minute chart. So, that's something we're going to have to look at Monday, Tuesday. If price closed below $59.70, that tells us about a further retracement. That further retracement would take us to $54.79 or $51.40. This was a slightly bearish structured profile, price closed above it four or five days ago. Typically, if it's a counter trend to move to the downside, would find support at that $51.40 level. So, that's your range of areas to be looking at. Let's come back to this on Monday, Tuesday, Wednesday of next week, if Marathon Digital continues to move lower out there. Next question aside, the tiger's den, and that was, I'm not sure who asked it, it doesn't matter, but the question was about tosacal mines, I believe, TGB. And when we take a look at tosacal mines, you can see that it formed a seventh wave move top. That is letter G. That's courtesy of Basel Chapman. Really, courtesy of Saratoga Bob, one of our old denters out there, because that typically identifies a top out here. Well, that top is led to nothing more than a consolidation with inside its profile. It's neither bullish nor bearish out here. It's just simply consolidating between the range of 206 and 237. So, I hope that helps you out. I believe you also wanted to take a look at UNG. UNG is still in a long position and will remain in a long position as long as price remains above the bottom of its profile. And that's at $5.34. That is the natural gas contract. As long as price remains above the bottom of that, then UNG is still in a long to sideways neutral type position. Folks, thanks much for joining us. Stay tuned. You've got two more great hours. I'll be back with you on Monday of a fantastic weekend and we'll see you again soon.