 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge Now Steve Rhodes Good morning folks, welcome to the January 10th, the magnificent Wednesday edition of today's Trader's Edge show I'm your host, Steve. Perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope you've been out there 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 It means we can find the gift in every set of circumstances 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 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 pick up that phone dial on in at 877-927-6648 If you've got a question, but you can't go in you can always send me an email Send that off to Steve at TFNN.com and inside the subject heading please put radio show question Of course if you're inside our Tigris demo than any in every ping will do so let's go ahead and get this show Underway, of course, this is Tiger Financial news network. I'm Steve Rhodes. Welcome to the show right now. We got a mixed bag out there The mix goes like this you've got the dial the S&P in the Nasdaq trading to the upside 62 11 and 58 points biggest percentage is the Nasdaq about almost four tenths percent to the upside to the downside the Russell Three tenths half percent for the semis 21 points about two tenths for the trannies there down 26 Gold is flat Silver's flat lights we crude is flat natural gas is down 18 cents That is not flat in the 30-year treasury up to ticks print out at 122 15 The leader to the upside. It's the one that gets that squeaky wheel. That's WD 40 of 41 buck runes a 17 point move Intuitive surgical up $17 and change 5% and video 14 bucks to an ampersand service now 12 bucks One and seven tenths percent and Facebook is up 11 bucks. That's a 3% move there to the downside It's icon PLC 5% 14 bucks and change Charles River Laboratories off 9 a little over 4% broad calm down 9. That's nearly 1% you've got Netflix off 770 one and 6 tenths percent. So we've got some workers and we've got a few shakers of course I want to look at what you want to look at I think what you want to look at is what are these markets doing stevo? So let's start here Where is here? Here's the daily equity future contracts take a look at the daily equity future contracts Here's what we know at this stage right now The ES mini is trading above the bottom of its daily profile as it's generated by my e-signal system He's so black background charts on the white background chart as an example And I'd write this down in your pad of paper that levels at 4750 716 would be support here We're seeing a 4799. Well, that's the harder one and a price close above 4799 today That suggests a run-up towards its asset or in chainsline not shown on this chart 4827 Well turns out 4827 is the center of its bearish structure daily profile So I would say that if the ES mini close above 4799 today odds favor move to 4827 I think that that Additionally the wow that that that likelihood Increases don't worry. You knew I'd find the words. It just took a little while there You knew I would find the words the likelihood of the ES mini making its move 4827 Would be increased if we get the NQ to close above the top of its daily profile No, I don't have any different signals here Profile wise whether it's the e-signal or the Ninja trader system that I'm using out there And so that's at 16 833. We'll call it. We're trained at 16 885 Now the next upside resistance price target No, this does not mean that we automatically go to the highs would be the asset and chains on for the NQ on a daily base That's pretty right now. It's 16 961 I would note that knowing that on a price move that's gonna go up by you know a little bit or moves down But you can use that as your target area in the case of the Dow equity future contract We just have a good old-fashioned consolidation with inside its profile That's after forming a roadsman to mitigate her top It formed that top right here when it generated that bearish reversal candle on January the third out there But still just a sideways consolidation you can see on its move up There's never been a break of the profile low So there's no change in trend here the Dow was in a consolidating bull market That's in the US if we go overseas We're at new all-time highs today and we're gonna go take a look at that because that's important for you and I At least I believe that's important for you and I'd understand It's not just how the Dow trades in the US you and I we don't do that during the show Let's let everybody else just focus on that you and I want to understand how these instruments are trading in other major currencies Enough about the Dow will come back to it if we take a look at the Russell 2000 It has formed a roadsman to mitigate her top a sell the d-point top it formed it when it generated these this four bars here That was the four bars between the days of December 26 To December 29 that was what's referred to as a four bar evening star candle formation now the Russell 2000 Just like the NQ just like the s mini has had has had Profile change in trend signals to the downside out there and right now We just simply have price consolidating with inside his profile the current one that is trading in has supported 1954 Resistances at 2002 So what else can we gleam from these charts out here? I was Stephen would have to say not much Okay, so not much. Let's move on Let's move on and take a look at the S&P 500. I mentioned that now I mentioned the Dow Let's go do the Dow first. Let's take a look at the Dow price and other currencies now here You can see the other currencies. I've got them labeled We're taking a look at the dollar plus eight other currencies those currencies being the five that make up the US dollar How is the Dow trading in terms of euros? Well, it's all-time high was formed back on January 2nd That January 2nd high was 34 467 today's high has been 34 431 so about $30 away from making that another new all-time high The Dow's new all-time. I came on January 2nd of 2024 as well. Well the end it's made a new all-time high today In fact, I have to move it up a little bit further than where it's at But that's making it today. I ask you this question if you're over in Japan and you're trading the Dow Are you really a seller here? You're really not a seller. Are you not unless we've got some kind of major topping signal We can see on an intraday base that we're starting to see some type of change in trend the answer would be no The folks in Japan are loving it. Their currency is weakening That's why the US dollar index has picked up a little bit of strength today We can also take a look at that out there, but they're all bulls They are breakout bulls new all-time high today That's after the new all-time high that formed most recently which was about three or four days ago Great British pound that new all-time high came in on January 2nd Just like it did with the euro and the US dollar index out there We're at a new all-time high today in terms of Aussie dollars. That is the Dow that we're taking a look at This is not how Markets end out there. In fact, what this is telling us is that the s and p far the Dow We're looking at the Dow right now has got to go make a new all-time high If it's doing any other currencies, it's going to do it inside the US currency as well Doesn't mean it does it today or tomorrow Not that it can't out there, but this is what offers us promise and this is also so important to understand Because I'm going to we're going to take a look at some sell signals out here But why hasn't the Dow been able to bust through that daily profile? This is one of the reasons you want to know who the buy the dipsters are They're over in japan. They're over in australia. I think quite frankly. They're over in europe as well Steve roge with tfnn will 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. Yo, brian 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 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 in 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 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 at number two for the year an amazing accomplishment Steve rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for steve's market newsletter Mastering probability and you'll receive access to seven of steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30 day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors tfnn has launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The tiger's den available to all tigers and tygruses for just 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 Free at 1-877-927-6648 internationally at 727-873-7618 So we're taking a bigger picture here We're not looking at a 15 minute or 10 minute chart or what have been trying to give you those gyrations Really trying to give you a bigger global view of what's going on inside the markets here It might be helpful to you might answer some questions in your mind This is the dow chart now this doubts this is a set of dow Charts i've got daily weekly and monthly turns out the daily is on the right the monthly is on the left and in the center Is the weekly those diagonal or the horizontal lines that you see out there those are referred to as horizontal trading ranges To my knowledge it was popularized by bud ralph's out there used to do all this stuff manually I'm not really great at doing manual things that can be done electronically and that's why i developed this program Is slightly different than his he referred to as his primary trading ranges I just simply call these horizontal trading ranges not to confuse the matter But what you're seeing is you're also seeing some numbers on on each of those Blocks if you will where those horizontal lines are that's telling you how many closes or opens There were at that price level. That's what you're doing to establish your horizontal trading range boundary lines out there Once you have those established then you can just then you know at the price distances to that to the upper line The lower line and so forth the point is Now they gave you that whole gyration and you didn't need that I'm sure that was just confusing information out here But if I take a look at the monthly time frame chart once you get past one horizontal trading range You typically make a b-line for the next horizontal trading range in the case of the dow It's got an a to b equal cd the upside gives you a one-to-one price projection This is the small a to b equal cd pattern that one-to-one price projection takes you up to 39 to 90 At 39 7 63 and we don't use these numbers right to the t out here That's the next horizontal trading range on a monthly basis We can see here if I just simply expand out the chart just a tad You'll see I also had a descending price channel that was taken out last month It was taken out with conviction a wide ranging bar out there So the bigger picture bigger picture here in the dow is it wants to make the move to that 40 000 level How about that remember years ago? I remember making that the call and suggest I said 40 and then 60 out there And it wasn't just a guess we took a look at patterns that could be in play out there And here we are lo and behold just a few thousand points away from getting to that 40 Well, this chart suggests that that's what it wants to do That's why we took a look at how the dow is trading in major currencies out here We look at the weekly time frame it two is above its horizontal trading range boundary line at 36 3 22 There were eight either opens or closes at that touch point out there That suggests price wants to go to its next level its next level 38 3 10 So we got 38 3 10 39 2 90 and 39 7 63 sold Is what I say no can't be sold because we got the daily time frame stable And if you look at the daily time frame, you'll see that it two is above its horizontal trading range boundary at 37 3 10 This is suggesting it wants to make a move to 38 0 24 So we take look at the dow Price this way with these charts. It says it wants to move higher out there Now I would say this is likely a comfort fruition That is if in fact you start to see that if you see the dow close above The top of its daily profile because that will negate its sell signal. That was also a four river Evenings a four river. That was a four river. No, it was a bearish and golfing candle So if price is able to close above this high, that's the high from january 2nd 38 1 1 3 then those charts that we just took a look at really come into play out there So let's do this. I can just spend I can spend all day I don't have all day just about another 40 minutes like we can do the same thing How's the s and p doing the s and p us centric? Okay us centric It made a new all-time high today in terms of yen new all-time high today in terms of australian dollars a new all-time High today in terms of euros. This is not how bull markets end Ever at least in my ability to go back and take a good stock charts and see how things trade and take a look at them And other currencies out there It's just not the way that tops form if you were to take a look at those horizontal trading ranges for the s and p 500 Here's what you would see here the daily time frame first prices above a rising price channel that I've got in here But more importantly the 47 55 level. That's a horizontal trading range 15 Opens or closes at that level. That's a pretty key area out there This is suggesting price moving up to 49 20 and the weekly chart You can see I've also got that same descending price channel that price closed above And prices beginning to trade above 47 50. That's its horizontal trading range shoot This is saying 5300 is where it wants to target and on a monthly basis It's even more clear with regard to the descending price channel You can see a large a couple a to b equal cd patterns. That's not the important thing The important thing is this is suggesting to move up to 50 10 So these charts here we take a look at how the s and p 500 is even trading in other major currencies That is not how bull markets end. That doesn't mean we can't pull back. That doesn't mean the uh Seasonal chart that you and I have been looking at that suggests that we had lowered But we also can't just be myopic and only take a look at just like curly might want to do one thing We're not going to do that during this show. I'm not going to confuse you But I or am I to try not to confuse you but I am to provide you with the information that helps answer the question Well, for example, why the markets had it higher? I guarantee if you're sitting over in tokyo right now and you're up at 11 to 30 12 30 in the evening. I'd have to say what are you doing up? Well, maybe you're trading the u.s markets out there and you're trading them In what basically is your local currency and those folks they are breakout bulls That's goes for folks in europe this morning as well Euro uh s and p at euro new all-time isar. Let's go take a look at some of the questions that have come out here Otherwise i'm going to put everybody to sleep and I don't want to put anybody to sleep out there The first question came in. This is a david in pandemon city. He's been trying to manage this trade smco SMCI super micro computer. So we've looked at it a few times out here That's okay with me. You guys can write back guys and gals. You can write back every single day I'm here for an hour. I'm here to service you So what is it? You want to look at it? You have given me. I've got four or five different requests out there So in this case here david's questions specifically is can it take out this high this high being 357 Even steven out there. Well It most certainly has the volume to be able to do that. So i've got the swing point drawn You're looking at the upper left hand side You'll see that that swing point high that is referring to dates back to the trading session of august 7 There was 3.3 million shares that traded hands that day We've already done that. I but the stock market has already done 2.8 million shares So 2.8 million we've only been trading for two hours out here So price is pushing that swing point with volume, you know david you have to ask yourself that question If it's pushing in with swing if it's pushing into that swing point with volume Why hasn't it taken it out? Well, I can answer that question for you. I just thought I'd pose the question Well, take a look at that weekly chart. You see the daly's got a swing point And so too does the weekly chart at that 357 turns out the volume at that stage there 30 million share 31 million shares really what have we done so far this week 13 million shares So we've got basically a full trading week. Everybody is back in the saddle out there So maybe you know we're not halfway through the day. Maybe we get to 50s. Maybe it's You know, is it pushing with volume? Maybe it's pushing with volume You know, we've got to really see on friday out there That's big numbers not that 13.8 isn't bad or anything along those lines out there But that could be one of the reasons why and a monthly basis way too early for us to get in there So I just wanted to take a look at this on the black background charts before I flip over to those white background charts Just to see what other signals are out there and the other signal that is out there or signals that are out there You are in wave number seven. We talked about that. I believe yesterday wave number seven That's letter g very small portion of the Chapman wave That can be a top. It just needs to have a lower high There's also an a to b equal cd pattern if you get a bearish reversal candle today David if we did get that I'm not saying that we will I don't know if we will or not But if we did that's a sell the d-point pattern And that's where you've got the weekly chart which got that huge rose mint and indicator signal So you're up in a stiff area of resistance Steve Rhodes with tfnn. 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 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 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 so you have nothing to risk Subscribe to tom o'brien's gold report newsletter now at 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 in technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live On tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m To 4 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 has just launched their new trading room the tiger zen 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 And now they are expanding the reach with 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 in the tiger's den You can look over the shoulders of tom o brian 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 tiger's 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 Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv That's tfnn.com and hit watch tiger tv Back up folks. Let's finish taking a look at Super micro computer out here for david in pandemois city when they add just a couple of things to it That first thing that we want to add to it is the seasonal charts Here's the 16 16 year seasonal chart for super micro and we're in the favorable seasonal time period In fact, if we take a look at historically january is the second most favorable month Maybe it's the third looks like the first is may the second is november And then a close third is january out there So you are in that favorable seasonal time period that would be a reason or consideration to continue to hold on that trade You'd also want to see something bearish what could be bearish out here Well, the first bearish signal so to speak would be seeing some type of change in trend short term basis here on the 30 minute time frame I've got a wave number seven pattern. I've certainly got a sell the d-point pattern as well out here And uh, well, I don't actually I can't say that but here's what I can't say And this is really what I should have said just to begin with come on steeves get it together 335 97 So that's your first breakout level on a 30 minute time frame you start cracking these out here Well, then that could signal that you've got some type of change in trend otherwise That's just the buy the dip level at the 335 97 level out there What else can I provide? I don't really think much else other than that So you don't have any real sell signals. You're pushing with volume. I don't know why it can't take it out Maybe it doesn't really have that weekly volume I don't know the answer to that but just watch some support levels on the interday basis because you know Or take off it, you know, I think I don't recall maybe it's an option position that you have You know, you've come up towards that price target level made that 100% move will move You're not going to find too many people here at tfnn that suggest to not Take that to not take those profits out there. At least I believe that's what you'd hear All right, let's go to our next request out there. Gee, steve. Well, thank you for finally turning the page, right? No, let's go take a look at its rklb this for jimmy d in the tiger's den I think this is rocket labs and make sure i'm on the right screen. Yes. I'm on the right screen rklb And I believe that jimmy would like to add to his position here. So jimmy Is trading with inside its daily profile So support would be the level that you'd consider adding support is at 5 24 Today's low out here was Close to that. It didn't get all the way down there. It got down to a 5 27 level three pennies So I'd say that you're in the range here of where you could add because price is still below that green Oster and change line, which is printed at 5 44 Maybe you're going to get another option to buy towards those lows But that would be the area or the range on a daily time frame now You can see the road's meant to be indicator top that was confirmed with this bear sash candle back on december 29 The other possibility is That this could set up an a to b equal cd pattern So price were to move into the swing point from january 3rd do with more than 6.5 million shares Close below 505 that would give you an a to b equal cd to the downside pattern I'm not saying that's what it's going to do. I'm saying at least visually That's a pattern that it could do pay attention to that but right now You do have a top price pulled back to support even though a close blow for one session You and I we love one hit wonders We just don't trade one hit wonders out there And in fact that reason why is because on the very next day price got back above those profiles So still in a consolidating tone inside of rocket labs the weekly chart Although it's just been really trading sideways out here. There's nothing bearish about it The monthly chart is just trading with inside his profile that has resistance up at 6 33 out there That's what I see when I take a look at rocket labs hasn't traded long enough for me to really pick up any Kind of seasonal date out here just since 2021 so no reason for me to search that chart out there Where else isn't that you could add? Let's just take a look at a 30 minute time frame chart for rocket labs See if there's any kind of patterns out here, you know last time it formed a bottom was a td9 count pattern Uh, then it formed a top that was a td9 count that was eventually taken out You do have wave number seven that's uh created this little bit of a sell-up I don't know why you'd stop where it has at this stage in other words What I mean by that is I don't have any pattern reason or support level specifically I see prior swing points, uh, but that's not that that's a bad thing. It's just I'm not going to spend time doing that for the show. So I don't uh I'd have to say right now, uh, jimmy that uh answer to your questions right around the 5 24 the level that it traded towards This morning. So hope that helps you out Best of luck with that trade of course if it breaks through that profile level and that swing point Well, then it would be generating a different message than the one right now on january 10th Dan would like to take a look at ticker symbol laes laes and his question is Can this get to five buckaroonies? Well right now it's trading above the top of its daily profile It's really trading at 218 I still have this little bit of a delay one piece of paperwork to Resolve today and I should be up and running with no problems come tomorrow But you're trading above 203 and a close above 203 today and tomorrow adds the idea of a further move higher Why because that will have taken out the top of its profile. That was a big wide profile out there Where's the next profile level dan? You're gonna love to hear this Well, it'll be up at 11 dollars and 21 cents. Now, I'm not saying that's where it's headed to But you do have a daily a to b equal cd pattern and you've got volume inside this The question is will it have enough volume to take out that swing point which had 50 million shares? You're at 30 million right now it should but you won't know till day's end if you did get a Volume push and you did manage to close above the b-point that december 28th high Well, then that would generate an a to b equal cd pattern and lo and behold It's hit the one to one level as we speak now price is long the left hand side of that a to b equal cd line So short of a bearish reversal candle 257 would be next up and above 257. We're looking at 296 out there What else can I provide to you? There's really not much the only thing that I can provide to Additionally on this why I didn't really show you the a to b equal cd pattern Let me switch over to the other charts out there. I'll show you that but first year before I do that Dan you can see that on a weekly base. There is a td9 count pattern that form So that's up at six bucks. So what was that five five bucks? There's your five bucks. Your question was old The only dent that was a trick question. Wasn't it? He did you guys see what he threw in that trick question Just seeing if I would get back to that td9 count that he knew was there That's how I must have come up with that five dollars at least that's what stevie's going with this morning But back to the a to b equal cd pattern here with regard to uh seal sq out here Let's go take a look at that. You'll see that in the daily time frame I've drawn in the a to b equal cd. You can see the big volume we're 29 million today So getting above that says we do a a to b equal cd pattern But you can see we're on that left side of that c to d leg That's the strong side that says you do more than a one to one And by the way when you're coming into the D point whatever that is it could be the one to one one point two seven one point one six one eight Out there when you're coming in with a wide ranging bar that has volume as we do today That adds the idea of further highs out there. So dan nice going there Trying to put in that little trick question. Can it get to five? Well, that's what the weekly chart is telling us it can absolutely get to five Phil would like to trade crocs. CRO x is the ticker symbol out there We take a look at crocs. He says it's having trouble at the 200 day exponential moving average I believe you now. I assume that you're referring to that as resistance Here's what I can share with you with regard to the crocs daily chart And that is that price closed above the top of its daily profile the top of the daily profile was at 97 19 That was a bearish structured profile. That's a bullish message In fact, that message is suggesting to you and I feel that price should make its way towards its td 9 count breakdown resistance level 107 60 if we look at the weekly time frame chart the weekly time frame chart is trading with inside its profile levels But above its oscillator and change line that says a further move higher would also be likely 110 90 is going to be your significant resistance level the top of its profile But before it can get there price would have to deal with the monthly oscillator change line That's been a resistance point. That's currently printed 108 76 Crocs trouble at the 200 day EMA I believe you but the daily chart says I want higher price the weekly can support that and the monthly Yeah, the same thing will be right back 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 4x report Teddy keg stat breaks down the 4x markets every monday using his 30 plus years of experience as a trading veteran Of futures 4x stocks and options Teddy releases his weekly tiger 4x 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 4x markets Tremendously when you sign up for the tiger 4x report You also gain instant access to teddy 60 minute webinar archive He just hosted 4x strategies and fundamentals What is behind the tiger 4x report for all the details and to start your 30 day tiger 4x 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 smp 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spx s directions daily smp 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 directioninvestments.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 A couple of questions. Let's get to them. We've got one here inside the tiger's den from gph Says that the hourly chart for uh gold formed a td9 count bottom pattern So we've got some different data out there. Here is my hourly chart for gold So what you should be able to do is you should be able to If you're uh, it should be on your screen. You have us. Oh wait. I got to change screens here. Give me a minute It caught myself. Sorry about that momentarily You should be able to capture this screen that we're taking a look at. All right, so uh, this is for um gph inside the tiger's den who is bringing this to our attention of a possible td9 count You can see I don't have that at all right now We may be we're in the formation of potentially bar number four that's on the 60 minute time frame So to the extent that you're using the 60 minute time frame to uh trade You and I've got different signals there for sure But let's go ahead and finish our analysis of uh goldilocks. See if there's anything else that we see out here So we do see we take a look at the daily time frame. That's really where I'm going to start here You can see that price formed a nice td9 count at the high It did on the bar following bar number nine and prices found support It's continued to find support at 20 29 20 and 20 29 20 is the td9 count breakout level price were to close below that That suggests we had lower the next lower price target would be up at 1979 30 That would be the next breakout area the next td9 count breakout level the 30 minute chart did form a td9 count bottom So let's take a look at that that was formed out here that completed right at 10 30 Now what typically takes place when you get a td9 kind of bottom pattern is price will make its move to a Saucer and change line It's been trying to do that, but it hasn't been able to that's currently printed at 2023 out there now If price were to close below 20 30 40 on a 30 minute basis Odds favor we had lower still that 29 20 29 40 oh that daily breakout levels What really we need to see a crack through a closed load is truly suggest that we had to lower price on a Five-hour time frame chart. I don't have a signal out here just to consolidate with inside his profile Roads meant to mitigate her bottom on the four-hour chart with price consolidate with inside his profile both support has held 20 27 and resisted at 20 46 has held same thing on the 120 minute chart although its Profile levels are 20 28 to 20 41 out there. So that's what I see when I take a look at gold Goldilocks out there. I hope that that helps you out So just take a snapshot of the screen out there and then you can try to take a look at your td9's and Certainly write back to me if you've got some question out there. So thanks so much for the request Let's get to some other requests that have come in the next one is from G man inside the tiger's den and g man wants to go take a look at mosaic m.o.s The ticker symbol so momentarily as soon as this chart here populates. I'll get back there Let's see. Where does steve have mosaic is it here? It is not that was crocs which we finished up. Let's go take a mosaic It should be on this set of charts here now looking g man is looking for an entry point So what do we know about this? We can see an a to b equal cd pattern. I'll just draw on the a to b point We'll just simply move that over to the To the c area and then do it exactly you guys are getting the point out here So you can see we've done more than a one to one level So for your entry point the first thing you'd be looking for would be a bullish reversal candle If you get that that could generate a guard or would generate a garterly buy pattern or a buy the d point So you're looking for an entry point that would be the first one that I would be looking at Why is that the first one? Well, because right now we're in bar number five of td9 count I don't know if we will get to bar number nine or not. So I don't have that pattern out there We're trading below profile. So I can't give you a support area on the daily time frame There's no td9 count breakout level So I would be watching for an a I would be watching for a bullish reversal candle on the daily time frame the weekly chart says mosaic if it does close the week below 34 oh well I would say if it closed below 34 oh two odds favor run down to the 32 20 level If I take a look at the monthly time frame chart for mosaic, let's actually populate it see if there's any kind of signals out here There's nothing here to assist us. So with regard to mosaic g-man You're looking for an entry the pattern is the a to b equal cd pattern as we speak right now That's when I'd be looking for I'd watch for a bullish reversal candle and then you can fire away. Hope that helps you out Joe wants to take a look at nova vax nba x the ticker symbol and he's looking for a bottom When we take a look at he's saying hey, there's a short interest. I think I don't recall what it was 20 30 40 50 percent out there Well, the reason that it's there short is because this thing has gone from what this is this, you know I'll keep my personal comments aside But this here went from that's with regard to the vaccines This went from which I wasn't allowed to talk about this went from 331 buckaroos out here And now today, what do we train at? 479 479 boy So with regard to a bottom the pattern that is in play here, Joe Right now that I see is a rogement to indicator bottom now There's one that confirmed out here on january 2nd and that low has not been taken out It's been tested the low on that is down at 477 477 is your key support level That was tested yesterday. It looks like with the with 460 Got down to 463 still close at 510. So that rogement to indicator bottom is still in place out there So if you're looking for a bottom, which you are you've already got that bottom confirmation Now, let's take a look at volume out here yesterday's volume as it was pushing lower was 15 million shares Against that prior swing point that had 14 million shares So that was telling us that it was going to be back down there again, which it has done this morning Now the volume today out here is at 2.3 million shares So you've got much lighter volume because that's 7.1. We're not much lighter volume 2 times 3 and it's going to be similar type volume So I don't even know you've got the bottom pattern. That's the important thing You do have that bottom pattern now the question is what does price need to do In order to tell you you've got a really solid bottom So let's take a look at a 30 minute time frame chart out here in the 30 minute time frame chart I think this is a good one for you to watch Joe because it formed a nice TD 9 count top It did it at 330 that was on the 8th a couple of days ago And then when it bottom was a TD 9 count bottom out here and that was at the That was yesterday that was down at that low at 463 If that low gets taken out so whichever side of this fails Probably gives you the direction that price is going to continue to head in So if you see a close below 463, we're likely headed lower if you see a close above 519 we're likely headed higher out there. Can I provide you with any better information? I wish I could but I can't and the weekly chart there's just on the weekly chart Let me see if we try to squeeze this together a little bit. Maybe get a better picture Uh, I can't get oh it's because of that one line Let me do this here. Give me a second because I can't get a good read Of what the weekly chart is doing, but if you give me a second here We're going to go ahead and change that so that that doesn't get in my way I'm going to certainly try to change that so let's just change that to a one Just give me one line one ping facility That didn't help either son of a gun Okay, this is helping just a little bit So on a weekly basis You've got a negated TD 9 count bottom. You've got a roadsmen communicator signal and no bullish reversal candle So maybe that's what you really do joe as you wait for a weekly bullish reversal candle to then confirm that bottom And then you go ahead and fire away So you've got the daily it's just not getting a lot of traction to the upside And maybe it's really the weekly that you need to confirm that pattern. Let's go take a look at sqm This is for Brent in martinis, california and sqm Brent is wondering where are the other downside levels worth watching out here We're going to answer that question. We come back from this breakout here It looks like the bottom of its weekly profile or the center of its weekly profile is nary to watch that's at 50 79 Let's answer that question. We get back from this break. We'll also take a look at urnm and tgb She wrote with tfm 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 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 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 Tfnn has just launched their new trading room the tiger's den hosted at discord Dfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the tiger's den available to all tigers and tiger's for just one dollar for the year There's no catch or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o bryan 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 tigers 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 Request to get through so brent first on a weekly time frame price is testing a level of support That's a sauce that are in change line 51 14 below that would be 50 79 That's the center of its profile level on the bottom that weekly profile 46 84 As I mentioned on the daily time frame there are no other levels other than the swing point Which it may be targeting that's a swing point and I'm sure you've been identified this in november 13 swing point The high there is 50 99 Volume 6.9 million shares are out there Maybe this goes on to form a td9 count bottom on the daily time frame to give you that Bottom enough pattern out there no a to b equals cd or anything along those lines So I provided you with the information you were asking for the levels worth watching out there on the monthly time frame chart It's 48 52 that would be your level of support. The next request was a take look at you are nm The question is is there a price target? Well, you're forming wave number seven today. You've got a road's meant to indicator signal Price is really up at its price target, which is the top of its monthly profile Now monthly profile number is at 52 even steven the actual high that we've seen so far I believe the high today has gotten us up towards that. It was 52 0 8 So you're up towards resistance on the monthly You're not at you're you're trying to take out resistance on the weekly time frame and you want an upside price target out there So what I'd be looking at is probably the uh an a to b equals cd pattern. Let's see. So the swing point at 6.8 million shares that was first taken out with 3 million shares, so that hasn't taken out got back below it So if volume this week in your 2.4 so for if you get More than 6.9 million shares, you'll have a gigantic a to b equal cd to the upside out there That's the pattern It's not much of a price target other than just being able to share with you wave number seven on the daily And you're trading into resistance on the top of the monthly chart There was a request to take a look at tgb. What's our read here a nice move today with price taking on resistance That's its barestructured profile. What you'd like to see here is a close above its td9 count high And that was from the trading day of december 27th and that high out there a buck 50 He closed the buck a close a buck above 50 buck 58 is next on its Level or its target that is the top of the monthly profile. You close above 158 You're back the most recent highs in about the buck 90 level. Thanks so much for being here folks Stay tuned for all the great programming. I'll be back with you on terrific thursday Please have a wonderful wednesday be safe out there