 The following is a presentation of T F N N. The Traders Edge with Steve Rhodes toll free at 1 877-927-6648 or internationally at 727-873-7618. The Traders Edge. Now Steve Rhodes. Good afternoon, folks. Welcome to the November 14th, the terrific Thursday edition of today's Traders Edge show. I'm your host, E.B. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope we're not there's having a great day. Hey, let's make sure we have an extraordinary one and the easiest way to do that. It's to always remember that life is happening for us, not to us. That's right. When you and I make that one little two by four shift shift, it means we can finally get in every set of circumstance that life is going to toss at us. Not today, you and I. We're going to go check on the circumstance of these markets. We're going to go figure out what these bulls and bears, what the buyers and sellers are communicating to you when I just passed one o'clock in the afternoon. I do want you to know that I'm absolutely grateful for your presence here, but much more important than that. During this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial in. Phone lines are clear 877-927-664. If you can't call and we've got you covered there, send me an email. Let those fingers do the walking. Send it to Steve at TFNN.com. But inside that subject heading, please put radio show question and do it early. Do it early. So because of the internet service providers, you never know when that message is going to really get to me. So do that early if you can. And of course, inside our Tigers Den, any ping will do. So let's go ahead and get this show started on terrific Thursday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to Let's Show. Right now we've got mixed markets out here, relatively flat, so to speak. The biggest mover to the downside is the semiconductors are off nearly four tenths or percent. That would be six points straight out of 1726. Dow was off 22 points, not even one tenth of a percent out there. S&P is down 72 pennies. So it's flat. Oh, 69 now. You've got the NDX100 off nine bucks. That's 0.12%. The trannies are up. Well, they're really flat, but they're up two points out there. Not flat is gold. Gold's trading out of 1472. So far it is tested and rejected. It's oscillator and change line. We'll take a look at that. That would mean that the counter-trend rally could be over, folks. Tighten up those stops if you are long. That is for sure. You've got Silver up eight pennies. She's trading at $16.95. Lights would crude us up 12 cents. Treasury bonds a 30 year is up a full point and three ticks out there. Trade out $158.23. Lead in the charge dollar wise. The upside is Mercado Libre. That's up 22 bucks or 4%. Google's up 11. Intuitive Surgical nine. Rietta Pharmaceuticals up eight to the downside Webocorp. Down eight bucks and change. Wix is off eight and change. Biogen off eight and change. Quaker Chemical off eight and change. A lot of eights and a change out there. So let's go take a look at, well, let's go to our first question. That's what we really should do. The first question coming in from Michael P. Michael says, can we talk about MJ on the show? And really, I think Michael Jordan, one of the best basketball players out there, he wore my favorite number. Same jersey that I wore playing basketball. Although, you know, my skills wouldn't even fit on his little pinky finger out there. But that's probably not the MJ that Michael wanted me to talk about. Michael probably wanted me to talk about that alternative harvest ETF, alternative harvest. I believe that is a pot stock out there. And Michael's looking for an entry point for a long term trade. Right now what we can see is there's not a single, now there's just a couple of shareholders, very few that have made any money on this equity. Those are the ones that bought it today somewhere between the price of $1,703 and $1,724. Those are the only ones that have made even a cent on this trade out there. So basically everybody is in the red on this. And Michael, I don't want you to be in the red on MJ, the ETF for alternative harvest out here. Now, as you can see, what price has done this week bearish. It's trading below its bullish structured weekly profile. There's no monthly profile for us. Look at our daily at this stage out here. So that's not good news, at least with regard to support and resistance. But let's go take a look at the other charts out here. The other charts mean the daily, the weekly. I don't know that the monthly will help us all out. But what we can see, so this when it did most recently top, it was a TD set up nine count that identified that top out here that was on the trading day of October 29th. Now price is moving lower. Shoot a close below the low of a hammer candle out there. We know that's never good. But price is moving lower, doing a less relative energy. And what that means is continue watching Michael for some type of bullish reversal candle. If you were to get that, as long as price is moving lower, doing less relative energy, then you would have a roads momentum indicator bottom pattern out there. The weekly is doing the same thing now. Very likely it's either in wave number six or five out here. But on a weekly basis, price is moving lower. But here's the beauty of this. You can see Stevie's green and red line out here, Mike. And price is not closed above that. Has been trading below that area since April 5th out here. Right now that number is 20.05. Even if you do get the bullish signal out here, the bullish candle that is, you're going to need to see price close above 20.05 for this thing to have any chance of being anything other than a counter trend move. So at this stage of the game, no one is having fun with alternative harvest. And I don't want you to join that pity party. So keep those hands in your pocket. Let's go out to Ron and Denver. Ron, thanks for calling. Thanks for holding. How are you? Great, Steve. First of all, you gave some really good advice yesterday. I was looking at options on Cisco, CSCO. They brought out their earnings. And the earnings are good, revenues are good, but bad expectations. And so the stock got killed. And I was looking at January options on it. And I just wondered, is this a good time to get on or do I wait a little longer? OK. So let's try to figure this out. Now, for some reason, it must be because I have a bunch of things running in the background. My weekly and daily chart right now, my white background screens aren't showing today's activity. But when we looked at it yesterday, I believe we looked at the weekly chart that had the road momentum indicator signal. We looked at last week where price had bounced up to Stevie's red line. That was the indication that, especially because the line was red, that I was suggesting for you to not take a long position in this. And this week is the same thing. And that can often be where any countertrend rally is going to fail. That would be really the first failure area out there. So I'm glad that we just took a look at this objectively. And so now the question would be, where is a potential entry point? Again, my daily chart that I put up here, I'm just looking to see if there's any kind of other breakout support level that I can identify for you. So I don't have that. That's straight out at 44.72. Let me come back to my weekly chart here. And on the weekly chart, I believe there was a weekly breakout at 43 bucks between 41.20 and $43. It's very likely where this is a targeting at a minimum. But do me a favor, hang on through the break. We'll finish taking a look at Cisco for Ron in Denver, Colorado. Steve Roach. If you're not currently using the Taz profile scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The Taz profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Headed by Steve Dahl, Taz understands that in today's technological world, the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the Taz profile scanner to profit. 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Details on the Tiger's Den are on the front page of TFNN.com. TFNN.com Educating investors. Call now. Toll free. That's 1-877-927-6648 internationally. At 727-873-7618. Two were speaking with Ron in Denver, Colorado and what we're taking a look at is Cisco. So, Ron, I think that you and I used the weekly chart yesterday to assist us with what Cisco is doing out here. And I'm going to start with the weekly chart right now. And so on a weekly basis this appears to be we won't know till tomorrow's close but as of 1-18 in the afternoon it looks like Cisco may take out its weekly swing point that was a week that began August 12th that price point was 46 bucks even Steven. There was 154 million shares or 107 million shares right now. So I don't know whether we'll take it out with volume or not. It may, but even if it doesn't build that swing point it still sets up the A to B equal CD pattern that gives you a price projection of 38 for the 1-1 I would say it's more like a 34 dollar level out here that you're looking at in Cisco. And then what we would need to see Ron is some type of bottoming pattern out there. And I just don't, we just have to wait for price to continue to move lower I believe in watch it over the coming week or weeks to see if that bottom pattern this could set up. This could be an A to B equal CD to the downside and it could set up a Gertley buy pattern. But right now I don't see any kind of play today if that's what you were asking and I probably don't see any kind of play tomorrow. I'll just wait. I'll be patient with it. Can I have one more that I have a position in? Sure. I own about 300 shares of Amaran AMRN they stopped trading today and I've got 10 calls on a bull spread that expires in January 17 to 25 AMRN. I was in up to four and they got some good news. It ran up to 23. I sold some. I should have sold it all. They did a secondary and knocked it back down. Now they stopped trading. They're in an FDA meeting this morning. You know, I'm planning I think to sell the stock and hold on the options. But it's hard to know how to treat it. AMRN. This is one that this drug saved my gal's life. Her titillates erectured 2300. She started taking this drug and a week and a half later it dropped down to 230. I think I mentioned it about four months, five months ago. You did. You absolutely did. When we take a look at the stock if we take a look at the... This must have been a reverse merger that they went into. They did a secondary and diluted the stock. That's when they dropped down. Sure. No, I understand that piece of it. So when I pulled a monthly chart run back here it takes me back to 1993. And there's no real volume or anything on this. Not until you get into the 2010 type time frame. And so it looks to me like these companies... And I could be wrong. But when I see something like this it looks like it was a reverse merger into a shell that already existed out here. Oh, I see. So I can't really use that. I would go back and verify that but just simply because of basically a lack of volume out here. The reason why I went ahead and pulled that back was because a lot of times what we do as technicians is look for prior highs out here. And this would be telling me so either it was done like that or they've done a lot of reverse stock splits or it's a lot of stock splits out here, not reverse stock splits. They got empty approval last November, about a year ago. Well, except that how likely do you think that Amaran traded at a price point to $1425 back in 1993? Yeah, they probably did a reverse split. So then the point that I really wanted to make I'm sure that that's not likely. And so I can't really go back on the chart here and start giving you information about where this thing might head to and try to find some other resistance. Basically, what I'm sharing with you is I just don't... Look, here's the deal. The month of September, whatever they released out there, the FDA or whomever, and look, your partner, your girlfriend has had a miraculous result in taking their medications out here. And that's one wide-ranging bar in September of 2018 out here. Is this thing going to take out its highs of $23.91 from back in July of this year? The volume on that monthly bar was $281 million. You're at $133, you're halfway through the month. You multiply times two, and it's pretty close to that. So it's not like it's pushing highs with light volume. I don't really have any reasons for you to exit this trade, whether I look at a daily, a weekly, or a monthly timeframe out here. So... Well, one thing I'm worried about is them doing another secondary. If it runs up, they want to raise more money. They'll do another secondary and not go back down. Sure, sure. That's why I'm thinking of selling the stock and holding on to the options and see what happens. Right. Well, so in this one here, so unlike maybe when we took a look at Cisco yesterday and we could make a conclusion about what the charts were telling us, in this case here, I don't have a good deduction. I don't have... There's no information on the charts to really assist us. So in that case, I just think you've got to rely on your economics. You as an individual and as a trader out there and what's going to work best for you. And it seems like and just listening to your biggest fear is that these guys are going to go ahead and issue more stock to loot the stock, so to speak. And you may not want to ride that out. That's one of those elements. Unless you're an insider, how do we know what they're going to do? Some insider just sold about a week ago, so maybe that's not a good sign. Yes, but were those plan sales? That's the thing I don't... You really have to go back and just because insiders are trading. So picture like this. You and I own this private company. I'm not saying necessarily this one, this company, we've worked 10 years, 15 years. All our blood and sweat and tears into it. You take it public with the ability to help your other coworkers, employees, be able to benefit from all of our efforts. But before you get into that and you go public, you create an agreement, a document, where you have a certain amount of shares that are being sold periodically. So sometimes there's insider trading and it's just simply a setup of the program, so to speak out there. So insider's trading on its own. You can't just jump to the conclusion that that means that they're just trying to exodus the stock or they have some piece of information. How do you get the beginners of buying? Yeah, you just... Look, you can just simply go to the SEC and you can do your own research. You can take a look at every 8K that's been filed. And then you will see with regard to the trading going on by insiders whether it was already a pre-agreement that's in process and is going to be selling whatever the periodic timeframe was or is. Sure. Thank you very much. Sorry to take up so much time. It's okay. We love hearing from you and we look forward to your next call. So thanks for calling in. That was Ron in Denver. John in the Den wanted to take a look at gold and silver. So folks, you remember when we were taking a look at Cisco yesterday, again, it was the mere fact that price... This is not an updated chart right now for reasons I don't know, but I'll deal with that later. But price on a weekly basis is running right into Stevie's red line. That's where countertrend rallies in a move will typically peter out, so to speak, and nothing against peter. And if we take a look at gold right now, this chart is updated. You take a look at where it's trading right now. It's trading right into, in the sun of daily basis, Stevie's red line. Tighten those stops, folks. The same exact outcome can occur as what we just took a look at inside of Cisco. We'll be right back. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we Tigers and Tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability, and for the last 12 months, Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6, and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is markets can be timed, and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. The path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now's a perfect time for a 30 day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter. Using a combination of equity trades along with options, David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. 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Using this first of its kind program The Art of Timing the Trade Chart allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies and much more. The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com So we're taking a look at gold. Let's go back to the gold contract out here. And now we're taking a look at my black background chart, the e-signal chart here. And what you can see is that gold is trying to form a new TAS daily profile. And the top of that box is 147460 and the height today is 1475. You're trading at 147370. So you've got Stevie's red line. You've got the top of a TAS market profile. And again, all this suggests is tightening your stops. You're up against two significant resistance levels. One having nothing to do with the other out there. It doesn't mean that price can't overcome resistance. It's just that that's where you're at. If this is just a countertrend rally, that this is where it stops. It's really not complicated. We take a look at understanding support and resistance out there. Now the question was what is Silver doing? So Silver's chart looks different than golds, obviously. However, Silver also trying to form a new daily profile today. Now I say trying to form. It won't be cemented until tomorrow, but we're going to use the information that's available to us. The top of its daily box that it's trying to form is 1709 and the height today is 1708. Sounds like resistance to me out there. If I take a look at my other chart out here, Stevie's red line is a tad higher. So maybe there's an interday spike or something up to 1721 or thereabouts because that number will change as price moves higher or lower. There's a valid A to B equal CD to the downside. And so far with regard to precious metals, this move is nothing more than a countertrend rally up into resistance. You clear resistance and we've got something else to take a look at. But right now we've got to go with what it is that we see. And the gold definitely resistance. Silver, well, it's at the one of two. It's basically hit the top of its daily profile out there and it can extend a bit higher into Stevie's red line. So that's what I see when I take a look at the precious metals. Mike wanted to take a look at CGC out here. Let's go take a look at that. I believe that's canopy growth. Can it be growth also moving down, doing it with big volume or what appears to be big volume, 19 million shares so far today, gapping down fairly significantly. Now in this case here, there are some shareholders that are in the green, so to speak. And I'm not talking about flower buds or something like that, but at least there are some shareholders that maybe are in the money. I don't know. Maybe canopy growth was also a shell corporation out here. I mean, going back and taking a look at this, takes me back to 2014 out here. Not much in the way of shares or anything, but neither event out here. Mike Kay, we take a look at profiles below daily, weekly and monthly out here. That's not good. So I don't see a bottom because my chart isn't updated on my other system. I'll have to pull over my new tools that I'm working on, but the programming is not completed on this here. This is, I'm going to show this, the weekly timeframe chart for you. And part of those new tools, they automatically are going to determine Chapman wave counts. That's a beautiful thing. When this is totally complete, they've got our TAZ profiles. They've got my TD9 counts in here. They've got part of the rows of momentum indicators signals going. So just like MJ, Mike, what we can see is price on a weekly basis is moving lower, doing less relative energy out there. You can also see the weekly Stevie's red line. That was the high of this week, in essence. So prices hit that and rejected that. You too would be looking for some type of bullish reversal signal. If I go over and take a look at the daily timeframe out here. Now in this case, I've got both daily and weekly oscillator and change line levels in here. Once I change this, it'll start to flow a little bit easier. The one that looks like a stair step is the weekly timeframe because I'm on a daily chart. And the one that is softer in moves is the daily one. But again here, price moving higher, lower, I should say, doing less relative energy. And Mike, at a minimum, you need to see the daily one. So it's really the same advice that we gave to Michael P, which is keep those hands in your pockets right now. Keep an eye out for some type of bullish reversal candle. If you see one, let me know. Let's go take a look at the stock, understand what it's doing in relationship to either new profiles that form out there or potentially something else. So I'm going to go ahead and take a look at the stock. So I hope that that helps you out. I've got a question here. Let me see. From Matt Z. Matt says, please look at BLDP, fuel cell stock out here. So let's go take a look at BLDP. And Matt Z. Matt Z. Matt Z. Matt Z. Matt Z. Matt Z. Matt Z. I can't do all these stocks for you. Let's take a look at a couple of them. Or if I can, I'll do one and try to come back to the others. Let's take a look at this. So, I don't know if you're in this, you're not in this, but, boy, it looks positive. Here, basically, unlike a couple stocks, we looked at everybody is in the green here. So, in essence, everybody except a few shareholders today are making money. That's a beautiful thing out there. is inside of BLDP. Make sure I got the right BLDP. That's ballard power systems out here. Let me pull the other chart up, see if we can try to figure this out here. Again, my normal charts are not updated. So BLDP is going to be close enough for me. And so what I can see here on a daily basis, price is moving higher, doing less relative energy. I was doing that yesterday. You got that dark cloud cover candle. That was a bearish reversal signal, but price didn't break through any levels of support. That's levels of support, either be in the top of the profile, the daily profile, or the oscillator and change line. So price continues to move higher. You want to be on, this is Matt, you want to be on the lookout for a bearish reversal candle and then a close below some type of support. Right now, that support would be $6.17 using Stevie's green line. Let me switch this to a weekly timeframe. See what we have here on a weekly basis. The weekly basis, and I don't want to completely rely on the automated Chapman wave counts out here, but it does look accurate to me. It's formed with wave number seven or letter G on the bottom, but it has surpassed that on two counts, two levels of counts out here. So this on a weekly basis can look strong. So I don't see anything wrong with this stock whatsoever. Let's say you asked about plug. So let me do the second one, PLUG. Let's see what the PLUG, not PLUB. So here, now plug is moving higher, doing less relative energy. This is the weekly timeframe that we're looking at. There's nothing bearish about this yet. It's just a potential pattern and something to be on the lookout for. But let's see if the daily has a similar pattern. So on a daily basis, price is awesome. We've been higher, doing less relative energy out there. Just watch for a bearish reversal candle. Today's candle, even though it is traded lower since the open, it is not a bearish reversal candle. It's just a red-bodied candle, meaning where price opens and closes out here. So PLUG looks pretty, looks good. Looks good just as the Ballard Power Systems does. So Matt, thanks for writing in. I hope that that helps you out with the fuel cell sector if all those stocks were inside the fuel cell sector. Hey, folks, you try saying that one time relatively fast. So we get back from this break for Eddie. Let's go take a look at NVIDIA ticker symbol. There is NVDA. Steve Rhodes with TFNM. We'll be right back. If you're in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. 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That's TFNN.com and hit watch Tiger TV for the latest market information. Folks, still relatively flat-ish style markets out here. The Dow is off 44 S&P is down three. We're going to take a look at NVIDIA. So Eddie wants to take a look at NVIDIA and applied materials because they're coming out with earnings tonight. He's got long holdings and both looking for some kind of information. So the first thing we know Eddie is profile-wise, price above the daily, weekly, and monthly top of their boxes. So that says price can continue to run higher. The issue, the concern that you should have, I'm not telling you to sell it, but the stock has really gotten tired. And it's really gotten tired. Let me just expand on the daily timeframe chart out here. And let me just get my yellow rectangular type box. And, well, this is how I will try to draw it. I thought it was yellow rectangle. What the Sam heck happened there? Let's just try this one more time. It used to be a yellow rectangular box. Actually, I can kind of do it from here. Okay, there we go. So now what I'm trying to encompass is one, two, three, four, five, six, seven, eight trading sessions. And seven of those eight trading sessions are narrow-bodied candles. A few of them, such as the candle on November 8th, that was a doji candle. November 12th, that was a doji candle. Yesterday, you know, close, maybe no cigar out there. And today is close, no cigar just yet, but maybe a doji. Just depends on where it closes. So doji candle is up at resistance. And, Eddie, that's really where they do their magic is up at resistance out there. And the reason is because of the meaning behind a doji candle, which is just simply that the market is tired. That would be one way of describing that candle. And so it's telling you up at these highs, it's tired. Now, because this has gone on sideways for all these sessions, is it regenerating some energy to move higher? You know, these are things I don't know. I can just assess for you what traders are telling you. And so maybe the conviction they need is some type of earnings release. Look, if this does trade to the downside out here, you've got supported 199, 193 and 187, 181. When we take a look at the daily set of profiles out there, 180 from a weekly standpoint, 191 from the monthly standpoint out there. So I don't know if you're in this from the long haul, maybe you make a different decision. But those would be the support areas. Again, because price is above resistance, that being profile levels out here, the next real resistance level is it's high. It's all time high from back in October in the 292 area out there. And so by the way, price took out a B point, which was April 8th on a weekly base that had 53 million shares, does with 38, 31. So it hasn't really taken out a swing point with conviction out here. I guess the weekly chart really generating for us what the Japanese candlesticks, those doji or small-bodied candles look like on the daily chart. Price is moving higher, doing it with less relative energy out there. So this would suggest to us that combined with the doji candles that the way that the market's going to respond is this will trade lower. That's really kind of the signals that I'm seeing here at this stage of the game. And that's looking at the daily timeframe chart. You mentioned applied materials. Let me put AMAT up on the screen. Again, I'm going to use Stevie's new tools that I'm developing. So the only thing that's really not working that well, just some additional enhancements is the automated wave count piece of it. But what AMAT looks like it's doing today is creating a TD setup nine count. Yesterday's high would have been the high, price moving higher, doing less relative energy. I don't have a bearish reversal candle, but this does, and price is above support. But if it does pull back, 54.64 would be the first area that I'd be looking at, and then 52.73 would be the other one. So of the two, which one looks better out here, they're both really look about the same. One has those small body candles telling you it's more tired than the other, which is AMAT is not as tired, so to speak, but it's they both have these topping signals. So do the charts know something about how shareholders are going to treat the news regardless of what the news is, because the news isn't published. The news about Cisco wasn't published. So those are the signals, but, Daddy, I don't know where you're at in this. And so those are what the charts are telling you as we speak at this moment. Okay, so I don't have any other requests that are in, I believe. No, I don't. I do. I take that back. Bob wants to take a look at ticker symbol BDSI, and I got to learn how to type. I went to the TFN school of typing, and I can get you in a lot of trouble. But so Bob says, I'll paraphrase here, been in it for over a year. This is a great trade out there. And he just doesn't want to be, his words, doesn't want to be a pig because he's got such a big winner out here, winner winner chicken dinner is what he's got. So if we, let me just open up the monthly time frame chart, take this back. Okay, so pretty good. So here we go, Bob, you're already looking at this, you're in the Tiger's Den, but price is above the daily, weekly, and monthly profiles out there. So that is certainly a bullish or suggesting price could move higher out here. I'm going to pull over my other chart. What do we know? Yesterday was a gap higher. That's a bullish signal. Price is moving higher to a less relative energy, just a caution. You need to wait and see for a bullish candle to confirm. Today is a bullish candle, bull sash candle, bull and bear sash candles, by the way, folks, they don't need the market to either be in an uptrend or a downtrend. So those candles have more meaning at tops and bottoms. In this case, here a bull sash would have more meaning at the bottom versus the top, and then vice versa. So I don't see any reason here on a daily basis to bug out, so to speak. If I change this over to a weekly time frame, let's see what the weekly generates for us. There's no reasons here on a weekly chart to bug out of this. A couple weeks ago, price took out the resistance level of where it broke down at 521. So this looks good too. Looks like it's going to be in wave D or F just depending on which bar you want to go ahead and start your counts from. Let me put this on a monthly time frame for you. And on a monthly, do we have any TD counts or anything to worry about? So here we go. No sound. Man, I am sorry to hear about no sound. That's a real problem because I've been gibber jabbering, but I'm assuming that we've got sound. Oh, now we might have sound. Are you kidding me? Son of a gun. Wow. All right, Bob. Here we go. I'm going to give you the short version of this because we only have about 30 seconds out here. Everything looks really good with this stock. BDSI. Its next target level would appear to be where it broke down on a monthly basis, and that price point is $7.79. That doesn't mean you need to sell it $7.79, but that is your next resistance level as of 1.50 in the afternoon on November the 15th? Yeah. No, November the 14th. Don't want to get ahead of myself. So stay in this trade. You're not being a pig. It looks really good. We all wish we were in your position. Steve Roach with TFNN will be right back. Basil Chapman has just announced a live 90 minute webinar he'll be conducting for subscribers to his daily trading newsletter, the opening call, which will be taking place Tuesday, November 19th from five till 6 30 p.m. Eastern time titled a comprehensive review of the Chapman wave techniques and market outlook ahead for 2020. This is a great time to sign up for a 30 day free trial to the opening call while gaining access to Basil's live subscriber event taking place later this month with some stock picks up 15 to 30% this year alone. Basil will review many of the Chapman wave techniques that helped in their successful analysis as well as providing the sectors and stocks that he thinks will be of importance heading into 2020. For all the details, check out the opening call on the front page of TFNN dot com. If you're a trader in the market looking for exposure to gold or gold mining equities, then now is a perfect time to sign up for Tom O'Brien's gold report. The summer is over, gold is trading back above $1,500 and the 10 year treasury is hovering at around 1.5%. Tom O'Brien has been writing his weekly gold report for almost 18 years. There's no one that knows more about how the gold market trades and how gold mining equities react. New subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning, Tom publishes his weekly gold report with coverage of gold, silver, bonds, the XAU, HUI, GDX, the dollar, as well as more than 30 different mining equities. As of September 3rd, gold report subscribers have five active open positions with an average unrealized profit of almost 38% for each position. To see for yourself the types of profitable trades that are recommended within the gold report, sign up today by visiting TFNN dot com. You know what's cool? Taking something that's good for you. Something specifically formulated to help with weight loss, better sleep, stress reduction, and the need to detox. Nicar, hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment. But today our food sources no longer contain the vitamins, minerals and nutrients our bodies need to stay healthy and strong. 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We do have some potential new information that I can pass along to you so that you'll be able to monitor. And that is with the equity futures contracts and taking a look at the daily charts here for the ES, the NQ and the YM. Russell 2000 being left out. But there are new profiles that are attempting to form. This is the third day in a row for the ES and the NQ that these profiles. And the Dow has been on and off during these past three days out there where it's attempting to form a new profile. Again, using Stevie's advanced Doppler system out here. But using it, here's what we know so far, prices rejected resistance being the top of the boxes for the ES and NQ and YM. Respectively, those are $30.98, $82.72, and $27.759. Please recognize those levels may change overnight. We've got to go with the information that we've got. This is our football field out here. And if you want to bill a check out there, then what you want to do is you want to use all the advanced information as you can. So we're using real intelligence, not artificial intelligence. Now, what I mean by that too is that there's not going to be a change in trend until we see a key level of support being broken. And right now we'll go at those daily profile levels. So what are those areas? Well, the bottom of the box for the ES mini is $30.70. Yesterday was $30.66 a day before it was like $30.60. Again, they continue to develop. Maybe these will take hold. I'll know tomorrow or should know tomorrow. But the bottom of the NQ is $81.88 and the Dow is $27.383. That's quite a few points below where it's trending right now. But those would be the levels of support that you would need to see price close below to suggest that there's a top and that there is a change in trend. Otherwise, the bottoms of those boxes are what most would call the next by the dip areas. Folks, thanks so much for being here. I want to have a terrific Thursday, even a better Thursday evening. But most of all, please join me tomorrow on fabulous Friday at one o'clock until then. Stay tuned. David waits up next. Tom will Brian to take it out and home and we'll look forward to seeing you soon.