 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 February 26th the magnificent Monday 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 Now 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 Means we can find the gift into every set of circumstances that life is gonna toss at us now today You and I were gonna 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 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'm here to serve you So feel free to give us a call 877-927-6648 if you've got a question, but you can't call in we've got you covered Send me an email said that off to Steve at tfnn.com and inside that subject heading Please put radio show question Of course, if you're inside the tiger stem will then Annie in every ping will do so let's go ahead and get this show started on Marvelous magnificent Monday. Of course. This is tiger financial news network. I'm Steve Rhodes. Welcome to the show We start our day with a mixed bag out here. The mix goes like this You got the Dow off just lightly right now eight points S&P down seven You've got the Nasdaq 121 rustles up 11 semis are up 45 trainees are off 65 Gold's down nearly 12 bucks Silver's off 48 cents likes recruit us off a buck Now it's a gas up 8 cents a 30 Treasury printed out at 1 18 28. That's the June contract That's where we are trading right now. We take a look at the leaders to the clubhouse to the upside We start with micro strategy 109 bucks 15 percent booking holdings 45 bucks a little over one and one and a half percent almost a crystal Biotech 40 points 36 point move there alpha metal art metal metallurgical resources 38 bucks nearly 10 percent dominoes 25 buck move nearly 6% there to the downside the shakers Insulate corporation pod POWD down 10 bucks five and a half percent Trans medics group down seven bucks eight percent telephlex seven bucks three percent a line technology five bucks nearly two percent Therapeutics one and a half percent that's a nearly a five dollar move to the downside. So where do we begin our day? I'll tell you where we begin our day Let's go take a look at what's going on Inside of the daily equity futures and the indices. Let's start there. Let's go take a look at We're going to change panels here. We're going to go over to the white background charts for Stevie And now we've got the daily equity future contracts upper left-hand side. We've got the ES mini What do we know about it? The ES mini is trading above all resistance when I say all resistance is trading above that green oscillator and change line And above the top of its daily profile as long as that condition remains conditions are bullish There is a rogment dominicator signal that is triggered if we do see a bearish reversal candle That would confirm at least some type of short-term top out there short of that price Looks like it wants to rally if we take a look at the NQ the NQ does not have a topping pattern The NQ is trained above the top of its daily profile that is support old resistance is being tested as support that level By the way is 17 924 it also has a rogment dominicator signal But that needs a new bearish reversal candle to confirm a top will keep our eyes on that the Dow equity future contract Really same market conditions as the ES mini price trade of a profile price is trading above its green oscillator and change line Those conditions are certainly bullish if there were to be a bearish reversal candle that would confirm for SA short-term top Lastly if we take a look at the Russell 2000 Russell 2000 Right now is trying to get above that green oscillator and change line the number So at day's end the number to watch is 2026 Price closes above that it signals to you and I that we should see a further rally and that rally should take us up towards The level of about 2060 or so that would be a descending trend line Descending trend line that you would draw coming off of the high out here from December 27th And I'd use the high from February the 15th out there that would give you a trend line where price is likely to go Target if in fact we get it closed by that green oscillator and change line So that's what the four equity future contracts are communicating to us for their daily time frame How about the cash indices great question? Why don't we go figure that out for that? We're going to take a look at those charts up in the upper left hand corner You got the Dow Jones cash index what we see out here price above a green oscillator and change line a bullish condition What we have is a rose been to indicator signal that is present if we were to get a bearish reversal candle For example if now was 4 p.m That would show up as a bearish shooting star candle that would confirm a rose been to indicator top The signal in this instance would be neutral because price above that green oscillator and change line In the case of the s and p 500 if we get a if we do not take out friday's high This will generate a wave number seven top. Let's pull this back out here Let's open it up Pull it back just a tad we can see that we had a wave seven top out here on the trading day didn't last for very long The last time we had a wave seven top inside the s and p 500 that confirmed on december 14th And lasted for about a day and a half out there. Well, we have another one Again, that requires a lower high in order to confirm that pattern. It's also rose been to indicator signal triggered But if we did see a close bull that the green oscillator and change out of 50 74 That would certainly confirm that seventh wave top signal and suggest a further retracement That's the s and p 500 in the case of the dowel a similar setup just like the es many was a similar setup To the uh yem the oh, this is the end of x100 i've got out here. I thought it's going to that Let's take a look at the end of x100 in the case of the end of x100 We've got a what looks like could be a confirm roadsman. Uh, not a i'm sorry a confirmed seventh wave move Top out there price is going to have to rally and take out friday's high in order to negate that signal At the moment the reason why I hesitated a little bit there is price is below that green oscillator and change line As long as that condition remains we're likely to see a further retracement Now if we get a close above that green oscillator and change line We'd have really kind of a neutral type signal out there because that would be bullish wave number seven top Would be somewhat short term bearish if we take a look at the uh, russell 2000 Not really a ton for me to report on here other than like the equity future contract that was trying to trade above its Green oscillator and change on it was trade above it with a close above it and that number here for the cash index Is going to be a 2023 20 a close above that is going to suggest a further rally the semis On friday generated roadsman to mindicator top now we're having a nice rally They're leading the charge uh to the upside we didn't we did not see a close below that green oscillator and change line on friday So yes, we have a topping pattern inside of the semiconductor index However, as long as price remains above that green oscillator and change line currently printed at 46 27 And a little bit of change out there as long as price remains above that its overall signal is neutral now a close above friday's high That number is 4709 52 When they gate that roadsman to mindicator pattern out there So you do have a top inside of the semis inside of the transports. They still have a top That's a roadsman to mindicator top the nasdaq composite much like the nasdaq 100 wave number seven Price right now is trading above that green oscillator change line by a smidgen and the york stock exchange It has a wave number seven pattern that needs a lower high That's not going to come today because we have taken out friday's high It does have a roadsman to mindicator signal present and that requires a various reversal candle to confirm a top out there So i've got some potential for some short-term tops forming this week out here inside the cash indices Let's see what the market actually does steve roads with tf and n We'll be right back If you're looking for potential trading setups in the stock market Then rocket equities and options report is a newsletter you should try tom yobrion 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 tf and n dot com tf and n 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 tf and n dot com The opening call newsletter is written by basal 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 and stock prices Get the opening call newsletter by basal 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 tf and n dot 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 at number two for the year an amazing accomplishment steve rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for steve's market newsletter Mastering probability and you'll receive access to seven of steve's educational webinars Absolutely free at tf and n all our newsletters come with a 30 day money back guarantee So you have absolutely nothing to worry about visit tf and n dot com and try mastering probability 30 days risk-free today tf and n educating investors tf and n has launched the tiger's den hosted at discord tf and n has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The tiger's den available to all tigers and tygruses for just 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 tf and n dot com Toll free at one eight seven seven nine two seven six six four eight internationally at seven two seven eight seven three seven six one eight The pleasure of catching spiral giron friday night They're playing down here friday and saturday now they normally just tour by themselves Jay beckonstein is in his 70s. He starts at seven thirties done by Nine o'clock at the latest usually but this uh, it's 50 years. This is their 50 year anniversary And uh, so they uh for whatever reason at least at least in the early shows of the concert They have uh, jeff lorber Uh, playing with them. So I bought jeff lorber's first, uh album What really wasn't an album. I burned holes in the cassette Back in the uh back in the uh Late 70s for sure out there and he's he I have not seen him perform Uh, this is the first time I've I've seen him on a tour. So it was really cool. Now when I didn't know I didn't know if jeff lorber was going to be playing with spyro gyra or They he brought the uh, whatever band he was touring with and it turned out he brought the band I called the called the venue and they said no, I think we're they think he's playing With him. So I said, okay, we've got to make sure we're down there by seven thirty Anyways, he was touring with two other guys. Now what was really cool is uh, one of my one of my favorite, uh, bands I've got many of them a band called, uh, the yellow jackets. Maybe some of you have heard of them great jazz band There's an amazing sound that comes from that band or at least it did in the in the past and it's it's an electric bass guitar I don't know if you've ever seen uh guys play that, uh, but it's really a cool instrument very cool instrument in my opinion And just such great sound well turns out they had jimmy haslip So jeff lorber was touring with jimmy haslip and and I don't remember the drummer's name I gotta find it. He was one of the most amazing drummers. I've seen out here But jimmy haslip he is one of the co-founders of uh of the yellow jackets, which I never saw in concert either So it was just so cool. We walked into the venue. We actually walked in uh during the first song And I heard All I heard was was the bass was this bass guitar and i'm like, I know that so, you know, there's a certain Certain musicians can play an instrument and they just have a unique sound even the drums You can pick out sometimes who is uh, who's playing anyway the point that i'm gonna make her I was really stunned because I needed some charts, uh to get to but really if if he is playing in your area And if he's touring with jeff lorber actually what was really cool about this concert is used as just kind of a normal set out There he he played he played till like 10 30 In the evening between the between the two shows at least out there and he played a lot of a lot of great tunes It was really really, um Really good concert. Anyway, let's get to some of the requests that have come in already. I'll get there. Don't worry about it Oh, cool z and mr. Bill very cool um So I had some requests that came in or a request that came in for a number of instruments over the weekend This is from kevin s and some of these things are interests are things that we had taken a look at Uh, for example, soybeans. We talked about this maybe a week or two ago So I want to be a take look at soybeans once understand the seasonal things of that sort So we do take a look at soybeans out here. What I've done is I pulled up the soybean contract that is going on here. That's weird Um And uh, uh, so I've s o y b Versa and including inside that is the three equity future cut the three equity three soybean future future contracts that make up So i b it's about a 30. It's just not exactly a third But it's close may july and november are those three contracts that make that up on friday What you got out here was a yes, he did yako's pastores is playing now with the yellow jackets That's what jimmy had mentioned out there. He's since left the band I think he left said 2012 13 14 something like that and uh, so uh, yeah, so that's that's pretty cool Any any he was he's you know, he's like please go see them. You know, he's a real big supporter of Of pastores his son, which I guess is really The apple doesn't fall far from the tree, you know, another great Base player out there in any event. So if we take a look at soybeans on friday, they generated a td9 count bottom pattern out there What that says out here to us kevin is if we see a close below that low that low is 11 38 25 It negates that signal and you wouldn't have a you wouldn't have a pattern reason To be long soybeans at that stage in the july contract both the july november may each of them form td9 counts But i'll give you the numbers to pay attention to at today's close So for example on the july contract out here, you're looking at a close below 11 48 25 negates that signal Now there's still rogement dominicator patterns that are present Kevin that requires a bullish reversal candidate to confirm that bottom pattern out there And finally on the november contract four beans out here They're trading right now below that td9 count bottom and a close today below 11 28 25 Would negate that signal and say get out of dodge now I'm currently in that trade maybe out of that trade by a day's end and the reason I got in that trade is one because of a bottom two What do we have up here? Seasonal trend for soybeans over 33 years. So we're it's still in somewhat of a favorable seasonal pattern So the favorable pattern typically starts around the um, January 30th And really what it does is it typically runs this is now over the last 33 years through the middle of june out there So when you get a bottom pattern and you get a seasonal pattern that align with each other to me That's a worthwhile trade but that's not working out and you get a close regardless of the seasonal pattern Right because we don't know whether something is going to follow along the typical average analog or not But when you do know you're in a favorable seasonal cycle and you do get a nice bottoming signal Which we did have or do have inside of soybeans the question is will it hold or not? I don't have the answer to that one but kevin that is uh soybeans That's what I would be watching there you also had a request to take look at wheat as opposed to just looking at the Wheat contracts. Let's go take a look at the wheat contracts that make up Weat This way people can trade the etf. They're not trading the futures or what have you and here now the may contract for wheat Is the active contract as we speak the contracts that are included inside weat are may july and december We take a look at that may contract for wheat I do see a buy the d-point pattern that was formed out here with this bullish engulfing candle back on february 20th What we can see is that uh What price did was it rallied right into where a counter trend move would end? So that's not really a great scene for uh wheat at least for its made contract Now what do you mean rallied into the area where a counter trend rally would end? So that's a great question and the answer that comes from using our market profiles We have a bullish structured market profile Which we did or which we do still right now inside of the made contract and how that's established Is the top line is where sellers are at the bottom line is buyers The center line is where both buyers and sellers are and if we have that line closer to where the sellers are That's why it's a bullish struck our buyers are that's why it's a bullish structure profile Now when you close below profile bullish structure profile That really gives you a signal of a a profile change in trend And any rallies if it's only a counter trend move will typically find resistance at that center line That is exactly what happened here on the made contract for wheat two days ago Now doesn't mean that it's over and at its curtains right now This is signaling to and I because we are below profile And a red oscillator change on and we're within side that swing point that generated that by the d-point That perhaps price is going to get down and test that february 20th low That is the exact same signal coming from the july contract out there And there's also the exact same signal coming from the uh december contract when I do take a look at the december contract And the july contract those two also formed td nine cow bottoms But nonetheless on the rallies price stalled at those profiles in the case of the december contract It was at the bottom. So what do you do here? Well, that's up to you. You do have those bottom signals You'd really probably go down and take a look at more of an intraday type of a chart out there For some type of signal, but that's what's going on with regard to wheat You would ask about the seasonal pattern. So let's open up that chart See if I get to that before the break if not, we'll certainly get to that when we come back from this break Here we go. We've got wheat. We've got about 20 seconds. Let's get this up. We've got 33 years worth of wheat So here's your seasonal cycles for wheat and basically it starts to enter the unfavorable seasonal cycle Right around next week marks the fourth c roads with tfn. We come back We're going to take a look at live cattle to dow with seasonal pattern First you're happy with pnvx and amazon. We'll be 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 u.s futures market and the shanghai gold exchange the gold report tom obrien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xa u 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. 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We're so confident in the value We provide that we are for a 30-day money back guarantee on all new premium newsletter subscriptions and services You have absolutely nothing to risk So why wait tune in live to tiger tv and transform your trading journey because when you know better you invest better Join us and experience the difference today tfnn educating investors Don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn Dot com and hit watch tiger tv dense tfnn.com then hit watch tiger tv Welcome back folks. Let's continue with our requests out here This next one also coming in from kevin. You want to take a look at the live cattle Those are the charts that we've got up on the screen. Let's take a quick peek though at the seasonal pattern Now this goes back 44 years What we can see out here Kevin is as we speak right now Live cattle should be topping based upon its seasonal pattern It enters the unfavorable seasonal pattern about now in that last through the early part of june out there So we know we've got those seasonal patterns. Let's go take a look at the chart chart communicating And I'll just simply take a look at the daily time frame chart first The daily time frame chart confirmed a roadsman dominicator top and that was back a couple of days ago So that is certainly lining up with that seasonal pattern out here now price is trading with inside its profile So this is going to need a profile change in trend to tell you that this topping pattern is going to take hold That would require a close below 180 410 If we take a look at the weekly time frame chart a td9 count top is going to complete this week bar number nine completed last week That says that price should pull back to the 180 281 ish area. That is its oscillator and change line Now let's go to the intraday charts five hour time frame chart Much like the daily roadsman dominicator top price consolidating with inside its profiles on the four hour time frame chart Just a consolidation with inside of profile two hour chart a consolidation with inside of profile the same on the 60 minute The 30 minute time frame chart We've got a td9 count top the price is trading into so on an intraday basis out here if price is able to close above Give me a moment. I can give you that figure Uh, this the April contract we're looking at a price able to close above on a 30 minute basis 180 830 That's going to tell you about a further rally now that further rally likely gets up towards The top of that daily profile the 180 856 level But what I can share with you is that on the daily base and the weekly time frame right now Uh, you have the topping patterns that line up with the seasonals over 44 year period of time for live cattle That suggests that we had lower into the summer time Now you'd also asked about the dow and so the dow the interesting thing about the dow I'm going to go ahead and switch screens out here I'm going to switch screens that way we can actually take a look at my dow chart with the Change windows with the horizontal trading ranges on that. So let's get over to this set of charts out here And let me actually find that ptr dow before we go to those charts Let's take a look at the seasonal patterns associated with the dow And let's pull those up here and we're going to take a look at the entire time period that we have Which is over 100 years worth of data. Let's get that up on our screen It's 127 years worth of data to be exact now over 127 year period and that red vertical line That matches up or that ties into where we're at today. So this suggests that the dow Seasonally speaking over 127 years forms a bottom right about now that takes us into basically the may high out here That's what that is telling us. That's 127 years. How about something more recent like the last quarter of a century? The last quarter of a century says that the dow typically doesn't form its bottom until the early part of march out there Well, we've got the dow headed higher not lower. No matter how you and I take a look at that seasonal pattern It just isn't falling along. It's not falling along. So well at least it's not falling along that way, right? We can take that same 127 years worth of data. We can add some different things to it For example, we can take a look at a presidential election out here Here is the presidential election years This shows that we should bottom right about now rally for a couple of weeks through and through our really for the rest of the month And then move lower into the july timeframe. Let's say that that's not what we wanted to look at Let's say we wanted something else. What would that something else be? Let's get back to 127 years What if we went and took a look at uh even years we got 2024 So it's what happens during even years out here Well, typically form a bottom right about now over the last 127 years. What if the year is bullish? It's a bullish trending year versus a bearish trending year. Well, here are those bullish trending years They show that we should form a bottom right about now So I'd have to say that the analog patterns really aren't taking hold here and something else is going on no problem So that means we just simply resort back to patterns and so forth So when we take a look at the dow And this is that we take a look at the daily the weekly and the monthly time frames monthly's on the left Weekly's in the center daily is on the right. These blue red green lines out here are horizontal trading ranges They're different for each time frame. Sometimes they're the same What they're doing is this tool goes out takes a look at the actual close for the specific time frame identifies all those and then I what it does is it tries to identify where the largest congregation Of opens and closes are and that establishes that horizontal trading range once we have that distance for example And I can't guarantee you because I'd have to really go down to the bottom of the chart But right now you can see at 21 instances at 33 o 29 on the daily 26 at 33 9 30 So that price distance is the exact same price distance added to each of these either to the upside or the downside Works the same way on the weekly and the monthly in the case of the weekly chart We can see an a to b equal cd pattern coming off of the 2022 lows out here 2022 not 2020 But just the 2022 lows out here and price has made the one one a to b equal cd the issue is If you take a look at this move along the c to d leg It's way on the left side of that c to d angle This tells us about a much stronger move than the a to b move This suggests to you and I that the dow should take out this 39 to 90 level and make its way to 41 184 Now that's the daily time frame chart out there I'm sorry the weekly time frame chart. So the weekly time frame chart, that's intermediate that could be weeks From now where that really starts going. So because we're still up at resistance on the weekly and by the way the daily We're very close to resistance 39 3 36 is its horizontal trading range We didn't get right up to it, but we use these more like jack sparrow. We use these as guidelines Not like as rules That are that specific out here So we know that we're up on the dow towards resistance levels out here I'm not going to tell you that the analog is flipped or something like that No, the analog is just simply irrelevant at this moment in time But what's not irrelevant are the patterns that you and I pay attention to and that we trade out here So if in fact the dow is able to get above this 39 3 40 level Now that should take us up to the 40 000 mark 40 6 35 or thereabouts happens to be The monthly horizontal trading range boundary line out there Now you may remember we took a look at the daily time frame chart for the dow We went through all the indices a bearish reversal candle confirms a roadsmen to midi kettertop And I believe a wave seven top could actually form today Inside of the dow. So that would suggest we should potentially prepare for some type of pullback I say potentially because you know, if we really take a look at what's also going on in the universe the universe of stock trading that is where is my chart Speaking of the dow I think I have the dow Priced in all the major currencies dow price and other currencies and where are we at today? Well, we have not made a new all-time high in terms of dollars or euros But we have in terms of yen. We have in terms of osse dollars. We have not in terms of corona We have in terms of great british pound. We have in terms of swiss franc out there So we're still up at these new all-time highs these other currencies those folks are buyers people And that's what makes this cycle Or the set of seasonal cycles potentially somewhat irrelevant not the patterns But the actual analog patterns at least for the dow because we've got global capital That's flowing in here. Not just here. We also have global capitalists flowing into a couple of other countries like australia I actually the DAX was at new all-time highs on friday Probably this morning. It was a new all-time high as well. I believe was trading higher earlier Steve roge with tfnn. We'll be right back. I hope that answered all your questions there, kevin We get back to this break. We'll take a look at berkshire hathaway e and vx amazon the bonds ura and a few others Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out teddy keg stats tiger forex report Teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options Teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar swiss Dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t bonds as they both influence Forex markets tremendously when you sign up for the tiger forex report You also gain instant access to teddy's 60 minute webinar archive. He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details to start your 30 day tiger forex report subscription today Visit the front page of tfnn.com tfnn 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 Will the s and p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or s p x s Directions daily s and p 500 bull and bear leveraged etf's Direction leveraged etf's an investor should carefully consider a fund's investment objective risks charges and expenses before investing A fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus And summary prospectus call 866-476-7523 or visit direction investments.com A fund's prospectus and summary prospectus should be read carefully before investing An investment in the funds is subject to risk including the possible loss of principal The funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services llc This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Let's get to some of our requests that have come in the first one we take a look at this is for a We sent this in this is for jim. We'll take a look at berkshire hathaway. So what do we know about it? Well Why do we know there's a new profile that is forming you have support at 400.84? You've got resistance up at four 1907 today looks like it will become bar number eight of a td9 count As long as price closes above the close of bar number four that close was 407 15 You'll get bar number eight tomorrow. You need to see a close above the close of bar number five 409 25 if we get that we'll have a td9 count top Price right now is testing the sasseter and changeline if price closing below that today Berkshire hathaway will have lost this momentum It still has a second date approved that this is really a false loss of momentum move so to speak And if price does close below 411 51 that would be the signal now that signal will then say Price should get back to test 408 13 or 400.84 if we open up the daily time frame chart for berkshire hathaway What we need to see out here is we need to see a close below the bottom of that profile 400.84 To suggest that there is a profile change in trend if we look at the weekly time frame chart Bar number nine will complete this week as long as berkshire hathaway closes above the close of bar number five 390 75 seems like a likely outcome to me monthly chart looks very bullish Although it has taken out a swing point and done it on light volume the swing point of my referring to had 129 million shares back in march of 2022 Last week was 73 million shares in this week's not worth Oh, I'm sorry last month and then this month is uh But 55 million shares so it is moving higher with lighter volume than that monthly swing point But I pay attention to daily in the weekly. Well, if we pay attention to that, what's that telling us stevo? We got to watch whether price holds a support level right now inside of berkshire hathaway on the daily time frame But does look like to me we're getting it's getting ready to form some type of Short or perhaps intermediate term top with price pulling back to the 394 level out there So jim, that's what I see in looking at berkshire hathaway dunk and steve inside the tigers I wanted to take a look at env x env x hit the buy zone as we talked about Did that this morning? That's the buy zone and this is within site. It's bullish structure daily profile And that was between 9 27 and 9 60. We got down this morning to a low of 9 23 You are trading into a roadsmen to indicator bottom candle That candle had volume there of 3.9 million shares. You closed in it on friday with 4.3 million shares Ideally so today's volume is so far on env x about 1.6 million again That's going into 3.9, but that's still a little bit too much out here volume wise But you're in the buy zone certainly with regard to the daily time frame the weekly time frame which at the bottom of its profile Not too far below the bottom of the weekly The 30 minute time frame chart gave you a buy signal. What does that need to do to confirm? What we see on the daily time frame when I say a buy signal I'm referring to that roadsmen to indicator bottom that we're taking a look at out here dunking That formed at 10 a.m. This morning So what we need here the 30 minute chart says For env x price must close with 972 in order to suggest that this is gaining some attraction With its intent to get up to the 1120 level out there. So I'd watch 972 You got all the makings of a bottom the exception of those makings being a little bit too much volume Today compared to the swing point that is trading inside. So dunking. Thanks much for the request have a magnificent monday G man wants to take a look at ticker symbol a m z and we know what that is that is amazon In amazon is just simply bullish outright bullish We take a look at its daily time frame g man And the reason is price above the green oscillator and change line price is above the top of its profile And if price today can close above 175 39, that's what it needs to do Then it will be an all out bullish mode. So right now it does have a roadsmen to indicator top Then in order to negate that you need to see that close above 175 39 That swing point had volume of 51 million shares on friday You closed into a 59 million shares that said that the top should get tested today And in fact that is what has happened now volume today for amazon is 16 million shares We just simply say that's about 50 some odd million shares or so That swing point has got 56 million shares 51 million shares. So you're still trading inside that swing point What you're looking for here G man is a clear break of that roadsmen to indicator top out there And if you get that then we can say it's smooth sailing or smoother sailing now on a weekly time frame This is going to trigger. Well, this may trigger bar number eight of a td9 count The reason we've got to say may is first of all price has to close above for bar number eight has to close Above the close of bar number four that that's too too difficult. That's up at 17181 But then next week price would have to close above bar number five and that closes 174 45 If that's truly what's going to take place here We're not going to see much movement inside of amazon certainly to the downside The monthly chart is uber bullish. It's got a to b equal cd at the upside Suggest we get back at least to its all-time highs out there. So that's what I see when I take a look at amazon g Man, I hope that that information assisted you with your decisions The next request coming in from ckp inside the tiger's end ck. I got to take a swing Sorry about that And he would like to take a look at the 30 year As well as the seasonal. So let's pull open the seasonal here for 30 year I have no idea what the seasonal pattern is but we are going to find out or we're something going to try to find out Should be one of the popular instruments out here bonds bonds bonds. Where are james bond? Where are you? copper soy beans dollar huh Huh, how about that? Let's see if we can pull it up this way Let's see if we just put in the symbol if I can get it cb. Come on come on Okay Oh, did it just pop that up there Son of a gun Well, I'll tell you what I'm going to do. I'm going to keep this off screen and that way and they periodically try to Populate it with something to see if we get that seasonal up there for you. That's very odd Very odd Let me try 30 30 year nothing coming up. All right, I'm gonna wait for a break on that. So let's take a look at 30 year Here's what we know There is a profile that formed on friday a price you run right up into that resistance level Really, I've got two different areas. I've got one top of the profile up at 19 22 I've got a second top at 1903. So that is your resistance zone ckp Price must close above that for two consecutive sessions to suggest that there is some type of further move to the upside I do not see a bottoming pattern as we speak that does not mean that it hasn't bottom It just means I don't have a bottoming pattern. Again, I'm looking at though. By the way, I'm looking at the june contract That is now the we've rolled over into june. So I would be paying attention to That so right now you've got price consolidated with inside its daily profile that runs from the 117 I'd say 117 21 to 118 level. That's your buy zone and resists up at 19 22 I don't have anything. I don't have enough data here on the weekly time frame for that what I'd have to do And I'll do it. I'll just go Put in the continuous contract and just grab some data and see what kind of signals we have on the weekly And the monthly charts for you again, we're taking a look at the 30 year Treasury so on the weekly chart price right now is testing that oscillator and changeline If we were to close below that that would suggest we pull back even further And on the 30 year price on the 30 on the monthly the 30 year is also testing profile Profile support but it's oscillator and changeline support out there. So that's cool that it's at support But on a 30 minute basis, what's it doing? 30 minute basis says you have a rogement dominicator top and price should go target the 118 11 area That's a cd9 count breakout level for 30 minutes ckp. I hope that that review helped you out Uh, if I can get the uh, if I can get the uh seasonal up by will if not, I'll just have to work on figuring that out Thanks so much. We'll be right back 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 and 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 seven 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 seven newsletter today tfnn.com educating investors Are you ready to take charge of your financial future? tfnn is your gateway to the world of trading and investing Whether you're starting out or scaling up tfnn empowers traders and investors of all skill levels with top-notch investing systems Strategies and techniques. It's time to protect and grow your money with insight You can trust join us live monday through friday during market hours for exclusive content that moves with the markets At tfnn we bring the trading floor to you our season hosts are here to answer your calls and questions live on the air Check out the tiger's den for just one dollar and follow us on youtube and become part of our vibrant community And remember at tfnn we're so confident in the value We provide that we are for a 30 day money back guarantee on all new premium newsletter subscriptions and services You have absolutely nothing to risk So why wait tune in live to tiger tv and transform your trading journey because when you know better you invest better Join us and experience the difference today tfnn educating investors The only thing i was able to pull up during the break were the uh seasonal charge for the tlt Which has got 21 years at red vertical line tells us where we're at right now We're really not in a favorable time period For the 30 year that favorable time period typically starts This is over a 21 year period for the tlt right around the early part of may out there Our next request was to take a look at ura. That's for lb. He's looking for current buy levels That current buy level is really still the same out here What is price doing as it gets into this swing point? It has not tested that low The low i'm referring to on a daily time frame price is trading into it's rejecting it right now Is rejecting it with lighter volume well that swing point has volume of 1.6 million shares on friday you moved into it with 5 million shares today so far you're at 2.4. So that's not a That's not a test rejects on light volume. I would say When I take a look at the daily time frame chart the buy point may be around 2615 It's td9 count breakout level on a weekly chart price closed below the bottom of spoiler structured weekly profile last week That was at the the low of that is at 27 55 Uh, we're trading still below that right now. You've got a monthly td9 count top out here So this is suggesting a bit lower price out here. So, uh Um lb. We've got to come back to this but it won't be tomorrow I don't think I think it is as a price starts to get down to that 26 15 But I don't see the buy signal anything along those lines as we speak today Uh, we want to take a look at uh for vick want to take a look at matel Let me t is a ticker symbol out here matel forming a daily td9 count top a few days ago Price should pull back to the 1925 level that's supported by the weekly chart Where price ran out of energy at the top of its profile out there and the same can be said about the monthly time frame So matel should pull back to that 1925 level price closed below that 1892 and below that would be 1841 Ppl t as we take that up this for dan in new york city Ppl t right now is pulling back into its bowler structure profile zone the buy zone between 80 53 and about 80 95 The actual number is 80 97 out there. Do I have a bottom pattern? Not really that I see out here on a daily time frame Nor do I have that on the weekly nor do I have that on the monthly the weekly charts as be careful because it's traded below profile out here Let's do this here dan because we're out of time I will come back and we'll take a look at platinum As well as ppl t and for dan we'll take a look at blank blnk tomorrow as well folks stay tuned for all the great programming Have a magnificent marvelous monday. I'll see you back here on terrific tuesday. Take care