 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 September 19th, the Magical. Monday 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 everyone out there is having a great day. Let's make sure we have an extraordinary one. 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, well, means we can find the gift in every set of circumstance that life is going to toss at us. Now, today, you and I, we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I want you to know that I'm absolutely grateful for your presence here and 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. You can dial on in 877-927-6648. If you can't tell it, we've got you covered there, too. You can always send me an email. Now, you send that to Steve at TFNN.com and inside the subject. If you'd be so kind to put radio show question and, of course, inside our Tiger's Den, well, any and every ping will do. So let's go ahead and get this show started on a magical Monday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show right now. And I get all the U.S. indices in the green. The Dow is up 74 points. S&P 8, Nasdaq 127, Russell's up 3. Summai's up 15. Trend is up 210. They're the big mover and shaker out there up one and six tenth percent. We've got gold trading out at 1682. Silver at 1946. Lights recruit around 84. 65. Natural gas 777. Thurier Treasury is down 7 ticks. She's trading at 131.13. Lead the charge. Dollar wise, the upside. You've got United Rentals up nearly 3% or 8 bucks. Wix.com is up 8 bucks and 11%. Innovative industrial property is up 8 bucks or 8%, 8.5%. BlackRock is up 7 bucks and changed it over 1%. Restoration hardware is up 2.5%. Let's trade out at 264.04. The shakers auto zone are 45 bucks. AMT Digital down 15. Modern is off 11. Biontech is up about 10. Regeneron is off about 9. So we've got some movers and we've got some shakers. But to begin our show, what do we want to go take? Like I know questions that I've got inside the queue at the moment. So let's go take a look at what's going on inside the daily equity future contracts out here. Let's go to this panel. Here what we've got now and I'll just simply expand it out because there's really a couple of different potential patterns. So the one pattern is out here. Let's do this one at a time, make it clean up, make it a little bit easier. So the original, which is still in place, A to B equals CD pattern look like this. The array point was out here on the trading day. This is the daily chart we're looking at for the ESMini, August is 16. The B point was down here at the low on August 24. Your C point, that retracement, that B to C retracement was 48 percent retracement. You do less than a 0.618 odds favorite. You can do more than a one to one A to B equals CD to the downside. In this case here, it did a 1 to 1.272, formed a bullish hammer candle on September 1st, came back and reconfirmed that by the D point with a bullish engulfing candle on September 7th. That set up that the resistance level was the low of the bullish engulfing or the bullish or the candles that engulfed happened to be that same candle on September 7th. That low was 3,900, even Stephen price closed below that on Friday. That negated that signal. However, it produced a bullish hammer candle. So now you have the 1 to 1.618 A to B equals CD pattern that is in place out here. So that's one pattern that is for sure. But because price did close below the September 7th swing point out there, there is the potential and I would say more likely than not. If we see an additional close, well, if we see a close below Friday's low, that's that bullish hammer candle. That price point right this down 38.53. If there's a close below that, then odds favor that the actual A to B equal CD pattern that's in place is a larger one. And that would look like this. That's where the B point is going to be the original D point of the bullish engulfing candle from September 7th. And the C point is going to be that move up into the Fed day. And then you've got your A to B equal CD. Now, this was a sixty one point eight percent retracement. The exact number was sixty one point six nine percent. Now, the one to one price projection here would get us down to thirty seven twenty nine, but do notice how price came off that C point. Wide ranging bar were below the daily profile. So odds would favor here and price along the strong side or the left side of that C to D leg. The angle of A to B is exactly the same as the angle of C to D. If you don't do that, then you're short changing yourself with regard to the way the market communicates to us. So more likely than not, if we see a close below Friday session out there, we're likely going to see a move down to thirty six eight area, not just thirty seven twenty nine. That is not the current message because we do have an active A to B equal CD or by the D point pattern or currently by pattern. However, you want to look at it. Now, we have that same situation going on here with the NQ. I'm just going to leave these A to B equal CDs in place out here. You don't need to redraw them, but the small one you can see in the small one you can see because on the left hand side, you'll see those price projection levels. This also got down to one point two seven two area. This also had a bullish hammer candle on September 1st, bullish engulfing on September 7th, a close on Friday below eleven nine ninety six fifty negated those by the D point patterns but generated a new one because you got a bullish hammer candle on Friday. You've got a bullish hammer candle as we speak right now in the daily. It's only eleven twelve in the morning. So that doesn't really matter. You only want bullish engulfing candle. So if this is just simply a by the D point with a bit of a countertrend move here, we will go ahead now and remove those A to B equal CD levels out here are the patterns then more likely than not. There's two areas where a countertrend move would take you to inside the NQ. The first one would be 12 126 the bottom of the current profile. This is a bullish structured profile. If price able to overcome that a real countertrend move would take us above twelve would take us up to the twelve three eighty six level. That's the center of that bullish structured profile. So you've got the valid Gartley buyer by the D point patterns out there when it comes to A to B equal CD folklore language out here. You've got that same pattern going on inside the Dow's December equity future contract. The one to one completed a nice bullish engulfing candle. That was the only did not have a hammer candle to confirm on September 1st, but I did get that bullish engulfing candle on September 7th led to a four day rally out there. Then we had the Fed move lower again. You had that taken out on Friday. That being the September 7th low but a bullish hammer candle formed on Friday as well. So you still have an active by the D point pattern if well price closes below that low that low is thirty six thirty six then the larger A to B will CD pattern is likely going to form and that gives you the one to one price projection in the twenty nine five thirty seven area the one to one point two seven two is out at the twenty eight six fifty two level. We take a look at the Russell 2000. So this is kind of interesting out here. The Russell 2000 only has one A to B equal CD pattern that's in place out here back. Let me just simply delete these will come back. We'll draw them back in really just the one and the one that I'm referring to is where the high formed on August the sixteen the B point looks like it was a low of August twenty second the C point the high of August twenty six. Oops that didn't work out real well. Let's try that again Stevie pay attention. Of course I'm referring to myself paying attention. There we go. Now we got the A point. Now we've got the B point. Now we've got the C point. You'll see the one to one was one to one point six one eight. It was confirmed with this bullish engulfing candle price did not close below that on Friday. So this still the Russell 2000 being this still has the active the original by the D point pattern here the price is inside its daily profile. Close just below it on Friday back inside it today. Boy we've got some interesting messages of the markets. She roads with TFN will be back in just a few to continue looking at these markets. Be right back. Inflation we are purchasing powers eroded. 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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 a key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave the Chapman Wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman and your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors. 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 toll free at 1-877-927-6648 internationally at 727-873-7618 Welcome back folks so we've got a couple questions that have come in so why don't we get to those first one coming in from Dan in the Tiger's Dead he wants to take a look at ticker symbol V-E-R-U let's change our screens out here in a moment that we'll look at these white background screens Dan's question is V-R-U is collapsing where would your chart suggest a high risk trade for a wicked bounce out there so first as we take a look at V-R-U V-R-U is the ticker symbol Dan it's looking like it's trying to take out the B point of an A to B equal CD now it'd be the low from the trading day of September 7th September 7th the pretty key low we took a look at the equity futures charts those are the days that we saw that bullish engulfing candle and a bit of a bounce out there now my recollection is I took a look on the other set of charts out here yeah there was high volume on that trading day that trading day being September 7th 28 million shares today so far you're about 6 million shares so it doesn't look like it will have the volume but nonetheless Dan if price were to close below that low the low September 7th that low is at 1075 that's going to generate an A to B equal CD to the downside pattern whether it's confirmed with volume or not so that's the first thing that sticks out at me if I look at the weekly time frame chart the weekly time frame chart shows us what well one it shows us that we're well below the bottom of its weekly profile or below its green us that are in changeline so that suggests lower price now below the lower price area here if we get that A to B will CD on the daily time frame again volume or not then price may be telling us in V-root that wants to pull all the way back to its breakout level and we take a look at that wide-ranging bar with volume I would assume the volume on that trading week was 808 million so definitely with volume is price coming all the way to the to that breakout level that means you can get all the way down toward form that seventh wave bottom back on the low of the week of April the 8th out there and that's at about 434 now that's not the high risk trade that I think you're looking at but the patterns as we speak right now may be suggesting that it depends upon the close perhaps this low from September 7th will hold if we take a look at the monthly time frame chart price right now is below its oscillator and change on 1117 so everything here is pointing to lower price so if I just go take look at a 30 minute time frame chart for you let's pull that up here just to look for you're looking for some type of high risk entry we need to see some type of least bottoming pattern or signal and I would at this stage here if I look at the 30 minute chart I don't have a suddenly full multi time frame set of charts out there but on 30 minute basis we don't see such a pattern as we speak or in bar number four you've got a wide-ranging bar it's taking out a Roadsman to Mindicator bottom that formed out here at 230 330 in the afternoon not September the 7th there's your September 7th level so close below 1075 and you see no bottoming signal here on a 30 minute chart so it does look like it wants to take that out will take that low out by the end of the day that I don't know but I don't see that pattern set up for you to take that high risk trade as we speak right now and it does look like at this moment that VeeRoo wants to have much much much lower so I hope that helps you out it probably doesn't but it is the it's the best Stevie can do out there so thank you very much for the request the next request coming in from a Duncan Steve and Duncan Steve wants to take a look at your Christmas ticker symbol FT and T so let's get that punched up on our screen that is Fortnett and Steve's question goes on to read like this hi can you analyze Fortnett we up might it eventually fill that August 3rd gap from a 60 low is 50 ish here 60 low from 3 August 3 gap August 3rd gap from 60 okay well let me take a look at Fortnett see what it is that we have here so in looking for a bottom this actually formed a TD 9 count bottom the bottom came in on the trading day was the low of the pattern out here well the low of the TD 9 count pattern that was on the trading day of August 30 at that low out there was 48 31 there was never a close below that so that's a bottom signal price makes a nice rally one day above its TD 9 count breakdown here and then the next day right back below so never broke that out now you're trading inside the profile is a daily profile countertrend moves would find support at 49 94 in essence that's what it's done so it is signaling to and I that the move to the downside Duncan Steve may be over the confirmation of that or a confirmation of that would certainly be one one confirmation be a close about 50 80 back above the top of its daily profile so if you get that what you might see is that Friday or to this morning that low may be the C point of an A to B equal CDT upside we don't know but we're right now surmising that is the possibility out here if I look at a weekly timeframe chart it looks like it was a three drive to a bottom pattern never confirmed with a bullish reversal candle you're asking about a gap if I look at the weekly chart out there just curious is there some type of weekly gap that really sticks out at me not really and price came back to its a breakout level you did get a close blow I don't have a real clear reading on the weekly the clear reading on the weekly is that 53 24 there about zero resistance level that's at red oscillator and change line so any move you'd want to see price clear that close above it on a weekly basis out here the monthly chart shows erosment to indicator top and right now just a consolidation with inside this monthly profile that is between the range of 48 74 to 71 15 might it eventually fill the August 3rd gap let me get on my other chart oh so you're to the upside okay it just takes Stevie just a little while to figure that so the gap that he's referring to Stevie from Duncan is this gap in here so between that and this so might it fill that gap well yeah it might so you may have the C point of native equal CDT upside again 53 24 is really gonna be the red oscillator change on a weekly basis you can be paying attention to out here that'll be that key level of resistance that would answer that question for you if price did close above that then it adds to the idea that that's a likely outcome and in the confirmation is gonna be a close above that high from the September the 12th that was that 55 94 your preference Stevie is to get a close above that with more than 7.3 million shares if you get that then the answer to your question or at least the charts will be answering that question for you which is yes price is gonna go and make it a to be equal CD and fill that gap out there so hope that helps you out thanks much for the request much appreciated let me take a quick peek here at the phone email and LB writes and he says good morning Steve could you please give me your current thoughts on absolutely so let's get that punched up on our screen out here you are a that's uranium ETF out here I think it is one of LB's favorites the question goes on it says I'm still holding through this consolidation wondering if you see anything new happening here so let's take a look at you are a so we take a look at you are a right now price is I have no pattern here even if there's an A to B equal CD downside what you would need is a bullish reversal candle so here would be the A to B point and I just simply copy I just gonna move this over that would be your C to D you can see we've exceeded the one-to-one level so we know we've got a potential for an A to B equal CD pattern that Friday session was a gap to the downside so that's a bearish signal so you really need even though it's green it does not mean it's a bullish reversal candle as we look at the weekly time frame right now what price is doing is it's testing its red oscillator and change line your preference because you're still holding is to see price continue to close above that level 2132 why Stevie a red oscillator and change line tells us that the price oscillator is below zero in order to get to really a bearish directional signal a price closes below on a weekly base at red oscillator and change line that tells us we have a falling price oscillator close zero those are bearish signals out here still some sideways movement I'd be watching 2132 you've got no bottom signal in a daily time frame price could be headed lower out there lower to where I don't other than just identifying the gap that formed on August 23rd to the 24th that would be the area to be looking Steve Rhodes with TFNN great math if you want to take advantage of this sector now is the time to subscribe to my goal report the goal report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every Monday morning I published a goal report with coverage of gold silver bonds the XAU HUI GDX as well as more than 30 different mining equities to see if yourself the types of profitable trades that are recommended within the goal report sign up now by visiting TFNN dot com don't miss out on the next great gold trade sign up today TFNN is excited about our new software charting program the art of timing the trade charts in collaboration with Tom O'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David White has programmed an outstanding piece of software that will complement any trader's methodology using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including Gartley's ABC's Butterflies and much more the art of timing the trade charts is designed to help you when scouring 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 dot com sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious tech either TFNN airs live financial content streamed live on TFNN dot 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 dot com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of TFNN dot com Welcome back folks right now we've got most of the US equities trading in the downside the trainees are the one to the upside hundred seventy nine points there and I was off twenty five S&Ps down six NASDAQ 126 points to the downside again we're going to be watching the lows of last Friday you know the ES the S&P and the Dow both formed on their cash indices also formed hammer candles so you get closed below those lows then the signal is lower price out there otherwise you have by the deep point patterns that are in play we have that same pattern same set of patterns are going on inside of Apple in fact let me just change screens here momentarily we'll come back to the white background screens the reason I mentioned Apple is because we was a request inside the Tigris Den from Inno Visual so let's go take a look at the Apple charts when I'm referring to here we'll just expand out the daily time frame so we're all looking at the exact same thing again much like we did when we took a look at the ES the NQ the Dow the Russell out here a point of the first A to B equal CD pattern is the high from August 17th the B point is a low from August 24th let's get that B in there there we go and the C point is the high from August 26th so you had a one to two A to B equal CD pattern that completed on Friday with that bullish hammer candle today you've got a bullish and golfing so I've got an A to B equal CD now price also closed below so the I could also form another A to B equal CD it looks like this first of all let's take a look at the volume the volume of the trading day of the B point would be September the 8th volume or 84 million shares the close below was with 90 million shares so there is a confirmed A to B equal CD to downside and then on Friday had 162 million shares that kind of confirms that but it was a bullish hammer candle that means that low just like we really looked at inside of the ES the NQ really important for us to under if that gets out that gets taken out don't worry I'll eventually get there. I need a little bit of sleep after this a four day weekend out here nonstop 40 weekend in any event if there is a close below that hammer candle from Friday that low out there is 148 37 then with that suggesting to you and I move down to 140 79 134 41 maybe even the 126 29 level but you need that confirmation you need that close below the low of that bullish hammer candle so we'll just go back and take a look at the white background charts I'm not sure if there's anything else there but we're going to go take a look to see if we can provide that information you know if there is well we can certainly take a look at the weekly time frame chart which price been trading inside a descending price and trend channel out there those are identified by either the solid or dash blue lines prices consolidating with inside its monthly profile out there so no reason you can't see lower price so it's really going to be all about the daily time frame now in the case of apple if this is just that the by the d-point pattern that formed out here on Friday confirming again today is in play that a count and this is just a counter trend move then price is going to find resistance at one of two levels the first three 15367 the second and more likely area would be at the 155 64 area you can see that the oscillator and change line change colors we've got to buy the d-point pattern odds favor that we should see a bounce up into that oscillator and change line currently print at 156 65 so the range is the 155 to 156 level on any kind of bounce but price first has to get above 154 if we would say if we look at a 30 minute time frame chart out here just looking for signals I'll just simply update this with the update button you've got a teeny nine count pattern that is likely to form as long as apple does not close below 151 10 as we get to the 12 noon hour so now you could have a confirmed well confirm teeny nine count top small a to b equal CD top sell the d-point top both those would also then suggest from an apple standpoint on a 30 minute time frame that we would see price pullback to support for the oscillator and change line that's either 150 92 or 150 16 so by noon time which says that by 12 30 you should have you will have a completed teeny nine count top on a 30 minute time frame this has prepared for is prepared for some type of retracement at least back to support no idea whether the sport areas will hold or not the other signal okay is that at the teeny nine count fails we're assuming right now that it will complete if the if there if prices trading above the high of the pattern the high of the pattern does not take place until 12 30 if prices trading above the high of the confirmation the high cannot take place until then so whatever that high is bars eight nine the bar following nine a price close above that then it tells you we have a strong moment to move to the upside in the case of apple that would then obviously bleed over into the queues of the end queue out there so that's what I see when I take a look at the daily time frame charts which suggest a counter trend movie the 153 or 155 and on a short-term basis says prepare for a potential retracement that begins by 12 30 if it has not already begun so hope that helps you out who was the you the youth that was in a visual who wanted to take a look at apple but guppy wants to take a look at the gsm so let's get those screens fired up here and read the question it says happy Monday you're now son gsm please it appears to be breaking below the lows from two weeks ago where do you see it headed I own a small position and considering closing that position okay so let's do a really good analysis here not that we do bad analysis this has a nice td9 count top gsm that is that form on august the 16th looks like an a to b equal cd to the downside that confirmed of the trade day of september seven much like the markets why did it confirm because it formed a bullish reversal candle abortion gulping what does price then do it rallies finds resistance at the top of a new profile that forms and by the way there is a new profile nope that is not there's not a new profile that is forming and on Friday price closed below that now prices trying to take out the support of that bullish engulfing candle I think that what you want to consider doing the guppy is watching that price level of six seventy seven your six thirty two a price close above six seventy seven you would not have a confirmed a to b equal cd to the downside for gsm now in order to get a confirm pattern what we like to use here is you would want to see a close but now and that's what you don't want to see but that's what you're watching for at six thirty nine level the September seventh low which does did one point zero two million shares so if you do more than one point zero two million shares you'd have a confirmed a to b equal cd to downside we'll switch charts in a moment and take a look at that to give you the proper price projection areas out there so that is something to watch and that would be supported by your your consideration of closing that long position if you get that confirmed sell the D point pattern well at least we'll show you where price likely to head to and then you make that decision on a weekly basis the only thing we have is a close below the asset and change line on Friday price consolidating if you will inside it's a weekly profile so the next move to the downside will be five eighty or five fourteen price right now is testing the supporter and a monthly base of its asset and change line if price were to close below that we'd be looking to move back to about the five oh seven so let's say this right now is mostly about the daily let me before we switch screens out here let's look at a 30 minute lower toward less relative energy no bullish reversal candle price being deflected by that asset and change line so there's certainly no buy signal here something we'd like to see in order to suggest that okay maybe you should not get us in the position we don't have that as a 1137 so now let's go switch the black background charts easier for Stevie to write a put together the A to B equal CD pattern so we'll change that we'll expand that chart out so they're all looking at the exact same thing and the A to B or potential A to B equal CD pattern we won't know until today the prices trading below that B point the A point out here is the trading day of August 16th there we go the B point that bullish engulfing from September the 7th the C point is the trading high in September 14th now this does about a 0.786 with 73.9 percent to the downside so a close below that low of September 7th with more than 1 million shares it's going to generate an A to B equal CD see how price long the strong side here we got B that would suggest more than a 1 to 1 A to B equal CD 1 to 1 is 6.05 1 to 1.272 570 1 to 1.618 is 5 and a quarter out there so do hope that helps show up with regard to ticker symbol GSM that's Faro Globe PLC Steve Rhodes with Tf&N will be right you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right? like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information that's coming to you David White's investment newsletter with the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every Friday to come for only $37.50 Sign up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk-free today with our 30-day money back guarantee TFNN educating investors Are China A shares hot or not? If you trade China A shares now may be time full and bare ETFs China A shares in either direction Visit DirectionInvestments.com today An investor should consider the investment objectives, risks, charges, and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares To obtain a prospectus or summary prospectus please contact Direction Shares at 866-4767523 The prospectus or summary prospectus should be read carefully before investing The prospectus is subject to risk including the possible loss of principle 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 Folks, down 68 S&P 12 NASDAQ I can't believe I can't believe you're telling me about this Wow A great good How enemies are It's getting good What's the name of this? What's the name of this? Who's who is who is who is who is so that like we're driving back to Kevin's house from the golf course, beautiful day out there. I mean, those of you that live up in the Northeast, I mean just 72 degrees, clear skies, no clouds around. So we're passing by the marina and Kevin says, hey, let's grab a couple beers, let's hop on the boat and let's just see what's going on. So we do that, hop on the boat, we had a couple hours to kill. Those of you who are familiar with the area, you all know where the Great Point beach is, lighthouse, so we're on the boat, it's beautiful as can be. We start heading out that way. Well, we're out there all of a sudden, often the distance, we see a couple of fish jumping. Now we really weren't prepared, we really weren't intending on going fishing, but you know, we did have a couple of rods with us. So we go ahead and put a couple of lures on there. First cast, boom, throw it out there. The lure hits the water and literally on the first crank, boom, get hit by something pretty big. No idea what it is, out there it turns out, we bring it in, nice big old bonito. Now, at this stage here, I mean really nice size. And so we said, okay, well now we know what we're gonna have, we're gonna have some sashimi with our beers out here, bring that in, stick it in the cooler, throw the line out again. On the second or third, just winding the boat, just winding the reel out there, boom, another hit. This is the second, just throw in the second cast out there. Get hit again, feels like an even bigger fish out there and sure enough, bring that in, another bonito. Now it was big enough, we really weren't, we already had plans for dinner for the next couple of nights, so we said, now let's just go ahead and throw back in, which we do, we release it, we only wanna catch and keep what it is that we're gonna eat. Throw it back in, this is a true story. Throw in the next cast out there, boom, get hit again, not even bigger, just so you could tell, just simply from the attention out there. Bring it in, now all this, so we pull in this big blue fish, which we definitely were not gonna eat the blue fish out there, so we throw that back in. Fourth reel, throw it out, we cast it out there, gets gunked, okay, and listen folks, I've been fishing for a long time, ever since I was in diapers out there, I've never seen that, well, we got gunked on the fourth cast, the fifth cast, back to catching fish. We caught like eight or nine fish in less than an hour, it was the most amazing thing I've ever experienced, I've ever seen, none of us could believe it. So yesterday after, not yesterday, it was on Saturday after I rounded golf, the girls, they wanted to go play croquet, which is actually, it's a pretty fun thing to do. And we convinced them to, hey, let's just stop on the boat, let's just have a beer, let's go out there. We didn't go all the way out past a great point this time because we knew we would have ended up with divorces and stuff like that, but it was the most amazing fishing experience I've ever seen. We told a couple of guys about it and they went out there and we saw one group that came, we happened to see them at dinner and they said they got skunked. So anyways, a very cool experience in any event. So that's enough of Stevie's fishing experience. No John, there were no stripers out there, at least where we were at at the moment. So we do have a new request that has come in. Thank you, Michael. This is Michael P. Michael wants to take a look at Moderna, ticker symbol there, MRNA says Stevie Sun. Went short Moderna today. Where do you see a first target to the downside, 115? So if we take a look at the charts up here on the screen, let's go to the white background charts and answer that question. I think it's pretty simple. As far as where it is that you're looking at. And what I'm looking for here, Michael, I'm looking at really the monthly chart. The monthly chart shows a TD nine count bottom that formed the month of June or inside those June lows. That low is 115, 61. You went short or 125, 11. As a look at the daily timeframe chart, doesn't suggest any bottom signal. You are in wave number F. So you could get to a wave number G, but that couldn't take place for another couple of days at a minimum. So 115 is the likely price target. That also is the low of a buy the deep, well, I don't know if there's a buy the deep point pattern there or not. Let me see. Yeah, there's certainly a buy the deep point pattern. The low I'd be looking at is the May 13th low as well or really the low from, no, the June 17th low. That's the 115, 61. So it looks to me like the price is trading with inside that weekly. So it's just this weekly bottom of its profile that is really kind of you're throwing in the side. That's 125, 88. And you're 125, 35. So ideally, Mike, is price continues to close below that bottom. That's a bullet structure weekly profile. So that is where you could find some support. In fact, ever since that profile has been in place, you have found support there. So you're really looking for a close below that level. Again, that's 125, 88. If that holds, then we really have just a consolidation sideways, not your support area. If that area fails, then price should go target that June 17th low, that June 17th low, 115, 61. Now, what I want to do is go back on my other set of charts here, go to that June low on the daily timeframe. I just want to see what the volume on a daily basis is at that June low. Turns out it's June 13th is the actual low. And that had volume of 6.7 million shares. You are trading, you're not trying, I'm gonna switch the screens here so Michael can see this. So you can see it as well out here because this is what really Michael needs to be paying attention to, or at least in my opinion, it's what Michael needs to be paying attention to. We'll put a, we'll wrap this with a couple of yellow horizontal lines so we can take a look at the high and low of that candle session. So the high of that candle session is 124, 78. The low so far today is 124, 58. The volume on the, in the bottom of that, that's at 115, 61 area. So the volume on that candle session, 6.7. You're pushing into it right now with 5.3 million shares. So you really would love to see it closed below 124, 78. What happens if you get a test and rejection of a swing point with volume? Well, typically Michael would have tells us as you'll be back down there. But down there at this stage here on the test and rejection is the top of the swing point. So that just says you get back to 124, 78, not that you're gonna blow through it. But if you did close below 124, 78, you would close inside that swing point with volume. That then suggests at least a test of 115, 61. And if you take that level out, well you can see Moderna, which traded up at $500 not that long ago. You could see this down at the 1353 level. That's what the long-term chart for the monthly timeframe shows us. That is not the signal as we speak just yet. But if you do close below that 15, 61 level, that may in fact be the signal. So Michael, I hope that that helps you out with Moderna. I won't read those other comments because they poke the tender underbelly of probably 50% of the people that are listening out there. But I hear you. So thanks so much for the request. And well, we're going to a breakout here. We come back, I'll try to figure out. It looks like there might be one more question that we'll take, let's see, from Sati. He wants to take a look at ticker symbol O-K-T-A. So we get back from this breakout here. We'll take a look at O-K-T-A. Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a seven million ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accretive transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGZ. Vista Gold executing a strategy to create shareholder value. 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. 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The first one is, well, let's go switch screens as we take a look at OKTA. That was from Sat P inside our Tiger's Den. This question is, is it a buy now? The answer is no. If we take a look at OKTA, you can see it has triggered. Today it's triggered an erosement of indicator signal. The first thing you'd want to see at a minimum out here is a confirmed bullish reversal candle to confirm a erosement of indicator bottom. The second thing you need to see is a close above the oscillator and change line. That's currently at about the bottom of its profile, around $61.79. If you got that, then you would at least get a signal that suggests to rally up to the $72.78 level. We have a, you had a confirmed by the D point erosement of indicator bottom on a weekly timeframe chart, but that failed last week. That suggests lower price. The monthly chart right now, Sat, is suggesting to you and I that price is going to go target $41.88 to $25.13. Now you're $58.40. Maybe you get a erosement of indicator bottom. I don't know if we do, but the answer to your question is no, we do not have any kind of buy signal in ticker symbol OKTA as we speak. The next request is from inside the Tiger's Den as well. This was to take a look at ticker symbol HUT. That is a crypto mining company out here. So not Pizza Hut, but this is a different kind of HUT. Right now we can see that price is consolidating with inside its daily profile. It's a both structured daily profile, which runs from $179 to the $217 level. The center of that profile is at $188. You're trading out at $188. So it's trading right now into buyers. The zone of buyers is $179 to $188. Whoops, what else do we have here? Not much that I can see. You also are trading into the support level of its weekly profile. And both the support of its, or it's at $175, both the center and bottom are at the same level. So $175, if you're looking for a place to buy, that could be an area $175. You've got a TD-NIC out bottom on the monthly timeframe. So it just got, you just trade with inside of profiles out here. I'd say the buy zone is between about $175 to $179. If that area fails, you're likely headed lower. Folks, thanks much for joining us here. Stay tuned for great programming. I'll see you on terrific Tuesday. Please, everybody have a magical, magnificent Monday. Take care now.