 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 afternoon folks, welcome to the November 3rd, the wonderful Wednesday edition of today's Trader's Edge show. I'm your host D.V. 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. Hey, let's make sure we have an extraordinary one and the easiest way to do that, that's right. It's always remember that life is happening for us, not to us. That's right, when you and I make that one little two by four shift, it means we can find the gift in every set of circumstance that life is going to toss at us. Now today you and I, we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I just passed one o'clock in the afternoon. I do want you to know I'm absolutely grateful for your presence here and more important than that, and that's this. During this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial in at 877-927-6648. If you can't dial in, we've got you covered there too. Go ahead, let those fingers do the walking. That's right, send me an email. Send it to Steve at tfnn.com. And inside that subject heading, if you would be kind enough to put radio show question, that would be very helpful. Of course, in our Tiger's Den, well, any ping will do. So let's go ahead and get this show started on wonderful Wednesday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to less show. A bit of a mixed bag out here. The Dow off 125, the S&P down 6. We'll go figure out what that means, where things are trading into. The NDX 100 up 14. The Russell's up 22. Summizer up 16. Tranny's off 323. New York Stock Exchange down 7. Gold is trading down 27 bucks at 1762. Silver's off 30 pennies at 2320. Lights recruit trading out at 81-27. That's a gas up 15 cents. About a 3% move to the upside. And lead the charge dollar wise to the upside. You've got eye rhythm technologies. 34 bucks, 44%. Barative Corp up 28 or 25%. Mercado Lube getting in on the gang, $19. That's only one and a quarter percent to the upside. Scott's miracle grew up 12%, 18 bucks. Ariston Network's up 18 as well. Avis is back $62. That's 70% having a big day yesterday. As you know, Charles River Labs up 46 bucks or 10%. Paycom down 7%. 38. Generic Holdings off Generac is off 39. That's 8%. Booking Holdings down 33. So there's some shakers out there. But of course I want to take a look at what you want to take a look at. Now no request in as we speak just yet. So there's one that did pop in here. Let's just go take a look at the general markets. And then Lee will come back and take a look at that ICD trade for you. So let's begin by, well, where are we? Here's where we are in a moment. So if we take a look at, if we didn't know that the Fed was going to release their minutes or have some type of statement today. So the real fireworks really don't get going. If there are fireworks, I would say between 2 and 3.30 today. Please look all charts. What? So as we take a look at, as we take a look at this panel right here, what we've got is consolidation breakouts across the board. That's in the NQ, which gives us a price target of $69.28. The ES, a price target of $48.23 or so. The YM, $37.360. And now the Russell 2000 bike, if it closes above $23.57.50. Yes, there was a slight close above it. Then it's free and clear to go do its consolidation measured move. Now it would take us to $25.78. Now, here's the key. I have no idea how the market will react to Powell's statements and so forth. As Ruby in the den was putting forth, she said that basically this is so well telegraphed that they're likely going to go ahead and do their small little taper out here. But what we don't know is really how the market is going to respond. So when markets do break out of consolidation patterns, much like we talked about yesterday, much like the Dow in the lower left, the ES in the upper right, once we had that breakout, price came back and tested and rejected the top of that consolidation. So we haven't seen that for the NQ. Yesterday you could almost argue that it was a test and rejection of that level. So it's only the NQ that has it. Does it have to get back there and test it? No. But what I want to do is you should put these consolidation patterns on your screen, not just my screen, watch the price reaction. If there is a price pullback there and price test and reject those levels, that is your entry point into a long position, in addition to perhaps long positions that you have out there. If price gets back inside these consolidations, then what we have is a false breakout. There's no way to call this a false breakout right now. Anybody that would do that would be, well then you can see the future. And that would be cool if you can. I can't see the future, but what I can see is what are the current patterns and what do they mean and what do in essence take a look at. So that's the first thing. So this is the markets we are in the favorable seasonal cycle. We could see the market respond to Paul's news and continue to zoom up higher. And if they do that, you now know what the price targets are. And those are the equal to price targets. When you break a consolidation, it is equal to or greater than the pattern. If we go take a look at the daily future contracts going to my white background charts. Let's just do that right now just to get a feel. So you've got a couple of different levels that we'll take a look at as to where price could pull back to. If we look at these four charts here, those levels would be the oscillator and change line. So in the case of the ES mini, that's at 4576 or thereabouts. That will not be the exact price of price moves lower, but you can use that as a guideline inside the end queue. It's 15679 inside the Dow. It's 35645. I would not be surprised to at least see some kind of knee-jerk reaction that takes price back to those levels. What I don't know is whether price will hold those areas. But if price does hold those areas, a test and rejection of those areas. I know I've said areas just a few time, but it is what it is. A test and rejection of those will change it to levels out there. That would be your buy the dip point. What happens if price closes below those areas? Well then that probably takes into play the tops of the consolidations that we just looked at earlier. Let's not stop here. Again, we're trying to look for clues as to how the market might respond or react. The only way to really do that probably is to take a look at the short-term time frame. So now we switch over to those 30-minute charts. If you take a look at the bottom left, oops, the bottom one, that's how I got that. Interesting. Let me try to get rid of that. There we go. The bottom left right now, the Dow Equity Future Contract is testing its TD9 count breakout level, which is 35813. Its TD9 threshold area is at 35799. And so far in this bar here, we've gotten down to 35793. So a key level of support is held. If 35799 holds, then we could see or should see some type of a bounce. Perhaps that bounce takes us to that oscillator unchanged line. If we get a close below that level, then the next area, the nice downside price target would be 35700. The reason that we shifted over to the Dow, the lower left chart out there, is because it's the only one that, it's the one that had the best bottoming signal. What I mean by that is it's got a TD9 count pattern that formed right at TD9 breakout support, that 35813 level. The ES mini, that's the upper left, it also has a TD9 bottom. That TD9 bottom took price right up to resistance, that is the oscillator unchanged line. So we can see how that green OUL has acted as resistance. So if you see price close above that, that's going to tell you right now that's price is 4619. That's going to signal move to 4623 and above 4623, then we're likely rallying further into the end of the day. If we look at the NQ, what does the NQ have out here? It's got a Roadsman to Mindicator signal, but price is consolidating with inside its daily profile. And right now the Russell 2000, it's got a confirmed Roadsman to Mindicator top, but price hasn't broken support and that first level is at oscillator unchanged line. And that's currently priced at about 2380. The close below that should bring 2367 into its view. Steve Roads with TFNN, we'll be right back. Steve Roads 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 it number two for the year, an amazing accomplishment. Steve Roads 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. 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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 Call now toll free at 1-877-927-6648 internationally at 727-873-7618 Back up folks, so let's get to the first question coming in. This one from Lee. Lee writes in, this is a follow up from Monday's call about ICD. That's independent contract drilling out there. Looks like we closed yesterday with a hammer on the daily timeframe. And I ended up buying right near the close. Can you give me your thoughts on where we go from here? I'd like to hold this for a longer term. Great call on Monday. I'm waiting. You definitely got a better entry. Okay, so let's take a look at independence. So what you've got out here, so it's possible that that was a hammer candle. I can't, that wick is a little bit larger than you'd like to see Lee, but that doesn't really matter because whether that's a hammer candle or not, you've got a bullish engulfing candle that is certainly confirming the A to B equal CD to the downside. So as a one to one, A to B equal CD. That is a Gartley pattern. So Gartley patterns have five different potential outcomes. Let's take a look at those outcomes. Those first four outcomes are retracement in essence. So we're going to just simply go from a retracement from the high to the low of this pattern. Give me just a moment here. I know I've got the set of the expansion. So give me a second to set that at retracement levels. And so we're going to go from the high to the low. Let me articulate those specific dates. The high out here is from October 18th. The low is from yesterday and that's out on November 2nd. So that's at $3.66. So first things first, one, Lee, you can see that it's trading with inside its daily profile, its bullish and structure. So it's first, it's next level of resistance on the way up is certainly going to be that center profile level. And that's at 424. Above that resistance is at 438. Remember, I said there's five different potential outcomes. Well, the first four outcomes are retracement levels of 0.382, 438, 0.618, 483, 786, 515. And back where we started, the 100% move of move would get us back into 555 level. So those become your price targets. There's the skirmish as we talked about the center of its profile 424. What we do know is their price is able to close above 424, two consecutive closes, that is, Lee. Then that's going to suggest that we should see price make its way up to the top of the profile. But you've got other skirmishes that will take place. Some people will ride the elevator up and they'll get off at the first floor. That's 0.382s. Others will get off at the second floor, 0.618. Some will get off at the third floor and some will get off at that 100% move of move. If you are moving into that swing point, that's a very large swing point, that's a trading day of October the 18th. That goes anywhere from a low of 462 to a high of 555. Your preference as price moves up into that area, and that's really at that 462 level, is you'd like to see volume of more than 1.1 million shares out there. If you see that, that's a suggestion that price will make its way back to that fourth outcome, that 100% move of a move. The fifth outcome is that yesterday's low became a C point of an A to B equal CD to the upside. We'll paint that in here right now. We're not saying this is what is going to occur. We don't know here. We've got to watch this and track this as price continues to move higher. Should have moved higher. But that 1 to 1 level would take it to a devilish number. We'll just call it 667. So we don't have to say the actual number that printed up on that screen there. So those are your five different potential outcomes. Congrats on the trade out here. It does look good at this stage. So thanks for being patient and waiting and then calling back. So again, it does. And also, I believe yesterday was a TD9 count. It was bar number eight of a TD9 count. So today should become bar number nine out here. So you've got really two bottom signals for independence contract drilling. So, Lee, again, best of luck to you on this trade. And just have your stop below, I would say below yesterday's low. If you can, that would be kind of a good ideal spot to put it. So thanks again for writing in. We had a request inside the Tigers done that came in after Lee's question. That was from John and John wanted to take a look at all of the timeframe charts for Charles River labs out here. So let's do this. Let's stay on the black background charts for a moment. Let's put up CRL as the ticker symbol. And boy, gigantic move to the downside today. And trading below the... So there was a brand new weekly profile that formed this week. And it's taken it out already, at least so far. And that low, that bottom of that box is 40332. We're trading at 384. So the question might be where are we headed from here? Well, since we don't have any profile levels, since we don't have any profile levels, we're just simply going to have to go to our eight-paneled set of charts out here, which is really what John was asking for. So we're going to give him what he was asking for. So let's just change screens. Give me a moment here. We'll get over to this eight-panel view. This eight-panel view is giving us a monthly in the upper left, weekly, followed by the daily, followed by 195. Again, we use 195-minute charts because there are 295-minute bars during the day. We like equally timed bars to be able to make our pattern decisions about what the markets are communicating to us. So let's begin with the monthly timeframe. We can see that price here. First, there's a TD9 count-top that is in place. And price has pushed its way right back to support. And that is the monthly oscillator and change line. That's at 387.39. We're slightly below that, but basically price has made its way back to support. If we take a look at the weekly timeframe chart out here, what we have, with trading below the bottom of that weekly profile, this suggests that price will target 337.13. So close below this oscillator and change line, John, on the monthly timeframe. That then brings into play the 337 level. The daily has cut through a couple of TD9 breakout areas. Let's see if there's a third one on this chart out here. There's not. And why is that? That's probably because I only have it set to two. But let me see here. Give me a moment. That didn't work, but screw that. Let me just do this here. Give me a second just to see what I've got the parameters set as. No, I've got it as three. So one, two, oh, there are three. Let me just change this to four. The fourth one out here and give me a moment. One, two, three. So I don't have a next level, John. So this just takes me really back to the weekly timeframe for where price might be targeting. And that's that 337.13. As I look at the intraday timeframe charts other than a 15 minute and the 65 minute charts. So both those do have TD9 count bottoms out there, but with that big gap to the downside, you know, that's a kind of risky for me to say that that's a solid type of a bottom out here. That's all I see when I take a look at Charles Riverlabs. So I think you got to wait. I'm inclined to believe after looking at these charts that price is likely going to go target that 337.13 area. So hope that that helps you out. Thanks so much for writing in. There was a question inside the Tiger's Den to take a look at ticker symbol. Let me type this in here and see how quickly this will populate. So for years, so John, you're saying that Charles Riverlabs is, if we went back and took a look at tops inside the equity markets, we'd see failures inside that. Is that where you're just talking about, Charles, CRL, the actual entity itself out here? So I don't know what the answer is there, but I am curious about that. Back to KRBP and KRBP, let me put this on my black background chart just to see what this is. It's trading at $2.97, $3.06, I should say, and that is Kyromic Bio Pharma. So let's look at these charts out here. Let's begin by taking a look at the daily. The daily has a nice rose momentum indicator bottom out there. That form back here, that is panel number three from the left. That was this bull sash candle that confirmed that signal. The price is above the top of its daily profile. So what this is suggesting to us, Dan, is that price should go target $359. I think you called it a lottery ticket or not, but based on the bottoming patterns out here, based on the profile levels on a daily basis, really does look like that's what it wants to go hit. Now, before it can do that, there's a weekly profile that just formed. This has a resistance level. It looks like that's about the two, hold on a minute here, $317. Straight at $306, my charts are showing $297 on the white background charts, but that level of $317, and Dan, we'll show you that as soon as we get back from this break. Are you having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex creditor in the trading markets and join the Tiger's Den Trading Room only at dfnn.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. 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And make sure you check out Tiger TV for free on TFNN.com or TFNN's YouTube channel for live financial content from 8.30 a.m. to 4.00 p.m. eastern on market days. Stop watching on the sidelines while other people get rich and become the investor you were born to be. TFNN Educating Investors TFNN is excited about our new software charting program, the Art of Timing the Trade Chart. 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 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. Welcome back, folks. So we're taking like a ticker symbol, KRB, as in boy pee, Keromik Biofarmers. So what I was trying to share with Dan inside the Tiger's Den is that their next resistance level is at 317. That is the top of weekly profile. Both the bottom and the center are at the same level. That's at 204. So that's your strong support area out here. So you had a nice volume day yesterday. It was not a wide-ranging bar, but if price can clear that, then we just simply go back to that daily timeframe chart. And that daily timeframe chart would then suggest to you and I that price would go target as TD9 breakdown level. And that's at 359. Anything above that would bring 452 in place out there. So you've got that resistance that it's running into. If it can clear that, you know that this thing is on its way to higher price. So I hope that helps you out and best of luck with that lottery ticket. It doesn't look, it looks to me like you have the edge on that lottery ticket. That's not a lottery ticket. That was simply a goodbye and a nice bottom out there inside of that instrument. Let's go to our next question. Our next question coming in from Hector and Patty. They are fuel injectors out here. And they want to take a look at the AMT, American Tower, I believe, yeah. And American Tower right now, trading out at 278.28. So Hector, and Hector writes in just some of the best messages out here. I don't usually read them all. Sometimes they're a little bit more personal than others, but they're X, but I love reading them. So Hector, I just wanted to make sure I shared that with you. So please keep that up. But he writes in, hey, happy wacky wild Wednesday. Well, that is likely the way that it's going to turn out. So AMT was floundering this morning on light volume. Boy, it doesn't look like it's floundering right now, but you know you don't like loading up the wagons, however we like to live on the edge, okay? So you load it up on this wagon. Can you give me your thoughts on resistance and support? So absolutely. So Hector and Patty, what we do know about American Towers, it completed a currently sell pattern. And it did, and you can see the A to B equals CD. So we must have talked about this. I would hope that we did. And that was confirmed on October 27th. So that says a price should go test support. So let me get rid of the A to B equals CD pattern here. So we're going to take a look at a couple of different levels of support. The profile level of support, or the more ideal buy, would be a 273.47 than perhaps today's buy. On a weekly basis, what you're looking at, and so I can understand the buy then, is a 277.08. So price, that's the bottom of its weekly profile out there. So I see the support on the weekly. The daily has me a bit concerned because of that Gartley sell pattern. Remember, Gartley buy, Gartley sells, they each have the same five different outcomes out here. In this case here, we'd be looking at retracement. And that retracement, the first one out here, let's see, well, it would actually help when you do a retracement to truly grab the bottom of the swing point and the top of the swing point. Okay, so Stevie's done that. So you've made that dead cat bounce area, that .382 retracement. So that says that a close below 279 would lead to a move to that .618 retracement level of 271. We know that the bottom of its profile is 273.47. So at this stage here, that's likely where price is targeted. But look, you've got that weekly profile level, so we're not going to discount that, but do watch that 277.08. Let's look at our white background chart, see if there's any other information here to help out Hector and Patty. And voila, there is, that voila is, that a oscillator on change line changed colors just a couple of days ago. And so price is testing that level. That level, by the way, is 279.03. So Hector, I would like this trade a whole lot better if price closes above 279.03 today. If it doesn't, then the actual buy point could be that bottom of the profile, but now Stevie would say, hey, you know the better buy here, the better buy is at 265.07 where it broke out from. So you want to watch the bottom, or you want to watch that oscillator on change line, and then if it closes below that, obviously you still have the support of the weekly timeframe, but let's just check the weekly chart out here. Any kind of signals on it. So as I take a look at the weekly chart, not really, the thing on the weekly chart is that what it did as it moved lower and it got back below the bottom of its bullet-structured weekly profile, that's in essence where the counter trend rally ran into, or stop, I should say. And we can also see that price is below that oscillator on change line. So that becomes a little bit risky and says price should head lower, but you know you've got support right at that 277. So what I'm going to ask you to do, is to keep a relatively tight stop or make that stop certainly an end-of-day type of stop. If you see price closing below those key levels of support out there, it's dangerous. The monthly chart has an arrangement of indicator top. And price right now is below its oscillator on change line. So all of these messages for AMT is a suggestion that it wants to head to lower price. Now, what could say that's not the case? Well, we'd go look at the short-term timeframe chart. As price gets back to a potential bottom area, so we looked at the weekly profile. We looked at the oscillator and change line. We like to see a bottoming pattern. We like to see bottoming patterns occur on some of or all of the intraday timeframe charts. Do we have that under 30-minute chart? And the answer is we do not. So I don't see a bottoming pattern there. It doesn't mean it didn't bottom. It just doesn't have one of the bottoming patterns that we look at during this show here, on an hourly, during the two o'clock hour. Same situation on the 65-minute chart. The 130-minute chart out here, what do we have? Same situation. I got a TD9 count top. Well, I do have a TD9 count bottom. So this is helpful to you. On the 130-minute basis, if you were to see a close below 276.41, and that level has held so far. But Hector, if you did see that, that's going to suggest lower price. That would suggest at least 269 out there. So what we don't see, what we don't see out here is a lot of intraday signals that there's a bottom in this. And that's typically one of the signatures that you would see. You look at the daily chart or the weekly chart. You look for levels of support or resistance. And then you go back in those intraday charts to see if there's some kind of signals there that show us a turn. So since there isn't, what you've got at your back is going to be the bottom of that weekly profile and the daily oscillator and change line. So I hope that helps you out, Hector, and I'm pulling for you. And best of luck to you with that trade. Let's see here. I believe there's a couple of other emails that have come in. Yeah, there's one here from Eddie. He writes in, can you look at OMGA? We can. Let me get the white background charts off the screen. Let's get that ticker symbol flying out here. Actually, let me get it started on the white background. OMGA. Oh my God, Apple. OMGA. And Eddie continues to write in, I'm long but it's pulling back today on no news. Can you repeat the key numbers on the major indices at the end of the show? I'll do what I can. So OMGA, I'm not getting that on my screen. Maybe I didn't type it in right. That's a Stevie Fat finger type, OMGA. Let's see if we can get that in here. There we go. So that's Omega Therapeutics. So Eddie, price has formed a brand new daily profile. So your level of support is 2470. Your level of resistance is 3045. I took a sip of water and ice cubes snuck in there. And so let me chew that. Get rid of that ice cube here. Because it probably doesn't sound that good on your end. So the only levels of support or resistance that we have from a profile standpoint, Eddie, are going to be 2470 and 3045. Volume today, as this is pulling back, volume today is 100,000 shares so far, moving into about 198,000 shares. So it's kind of a coin toss there. Let's take a look at OMGA, Omega Therapeutics on Stevie's white background charts. And here, again, not a ton of data. But what we do have is prices below the oscillator and change line. That does suggest price. You should anticipate price going back to 2470. And if price closes below 2470, Eddie, you should target $19, even Stephen, as the level that it heads back to. Steve Rhodes with TFNN, we'll be right back. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. 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Upstart, Holdings, and is this looking like a major top or just another pullback on this rocket ride upwards looks to me like the high volume low at 310 is a key level out here. Well, I'll tell you a key level right now to be looking at Rich is the bottom of its daily profile. That's 31604. This current profile formed with inside the prior profile. So this is a signal of a consolidating market. So you ask this a major top right now based upon the profile that formed out here. I'd say the answer is no, this is more of a consolidation that is taking place. But you got to watch 31604 because of price were to close below that that would signal move back to the 267 283 area. That is the bottom of its weekly bullish structured profile. Let's pull over the upstart white background charts and see what other information we can provide to Rich. Well, one of those pieces of information is where price broke out. This has a roadsman to indicator top where price broke out was at 304. If price did close below 304 once you break a breakout level, you typically go to the next breakout area and that's a 21532. We do not have that message yet, but that is the area for you to be watching 304. The weekly timeframe chart what message does this provide us with not much price is pulling back and testing support the oscillator and change that I'm not going to get anything when I take a look at the monthly chart. So no reason for me to waste anybody's time. Your specific question is this looking like a major top. Again, I think we've covered that based upon the profiles and is this a normal retracement and you had mentioned 310 I would use 304 as a key level to be watching out there price closing below that. At least two consecutive closes. That's going to signal that upstart wants to make an even further retracement and likely what would then take place is you'd see the A to B equal CD pattern to the downside. So that's going to look like this. We don't have this yet confirmed, but this is what it could look like if it breaks through the support level and here that support level is 310 level, which is its essence what you're looking at. So if it does break through that area, even if it's on later volume you're then getting a signal of move back to 263 or the 239 area. So best of luck to you Rich and thanks so much for writing in to the show. We've got a question here inside the Tigers and I believe that is we've got somebody on the line that's Gary in Michigan. Hey Gary, how you doing today? Hey Steve, thanks for taking the call. How you doing? I'm doing just fine. Thank you. New skin your favorite out here. I haven't a fairly nice day today trading and getting back inside it's daily profile trading at 41 27. I know that you're long this, but to give me some more information as far as what I can help you with. So here's the deal on and I know I'm a bit of a pest on this one, but there are earnings after after the market closes today this activity is pretty strong for in the after looking at the recent activity for the last couple months on the upside. So which is a nice change and when I'm just curious I'm going to make a stab in the options. I'm just I'm conservative and going out to you know next year, but if I'm not, I'm going into the maybe for a little stab on the November 19 option play here. I'm looking for some signals in your mind is to strengthening position or just a one day kind of one hit wonder kind of thing that possibly okay, so let's do that. I want to start with the white background charts first. I'm just going to look for some signals out here with you to see if they're so what you do have in place on the daily time frame is rogement to indicator bottom and that formed on October 13. What that tells us is that the low of that pattern Gary, which is through the 940 if we see a close below that that's going to suggest lower price. Alright, so that's the first level that I'd be watching in the after market. You've got a valid bottom price just been trading sideways. I don't know if this is under accumulation. I don't know if this is getting ready for its next leg down next leg up. I just don't know because price is not above any set of profiles that would help us here, but you do have that valid bottom on the daily time frame. If it's going to give you a bullish signal, you'll see price trading above enclosing about 4278. Not until you close about 4278 will this give you the all clear sign that price would rise to 5132. Again, right now we're just looking for signal. So the daily says, okay, I can see a bullish call on that. The weekly chart in the week unfortunately isn't over, but you've got a TD9 count top that formed four weeks ago and you have a rogment indicator signal that triggered last week and right now if this were the Friday close, you would have a confirm rogment indicator bottom with price trading or closing inside the bullish structure profile, but the real level you need to see price close above a weekly basis, not necessarily this week is going to be 43.79. But this is signaling to us that price should make the move to that 43.79 level. Any questions about the weekly chart? Nope, that's exactly where I wanted you, the man. Okay, so the monthly no help here. I'm going to just look at a quick 30-minute chart. I get it. A quick 65, no. Okay, so I'm going to come back now to the black background. So that was the good news. The supposed good news. I really wish the week were over because with it only being Wednesday, you know, it could give up those gains and then it's nowhere near showing you a rogment indicator bottom signal. You could give them off by tomorrow, that's for sure. Yeah. So it's because you've got price below the bottom of its monthly profile tinkering with the bottom of its weekly profile out here. What I also see Gary, and this is the bad news. So I see sideways consolidation just going to expand out the weekly chart out here. And so when I look at this from a consolidating standpoint, it's clear that at the level of about let me move my data box over at the level of about 4665 is the bottom of the consolidation. That was the low that took place on November 9th. That in essence was about the low that took place on December, I'm sorry, February 22nd. That was at 4648. And then at the top here at the highs we can see that really the top of that resistance level or top of that consolidation is really the June 7th high and that's at 6054. So when you break through a consolidation that gives us a measured move equal to or greater than the consolidation. At this stage we've got a broken consolidation as I see it. And that is really suggesting that new skin could easily trade back to the measured move of that consolidation pattern at 3058. Now you won't have that message until you get a close below 4069 which you did last week. So a second close this week below that level that would really bring that consolidation projection level into play. Any questions there? No, that's excellent. That's what I needed. So because we can make a not that we're trying to force the issue because we see a valid bottoming signal on a daily potential on the weekly but then we come back to the weekly and we see this consolidation breakout. Would I take another stab at a trade here knowing that you're already pretty heavily long? And my answer would be no. Got it. We don't have a clear message to suggest that. But I can be overreaching things here. So that's fine. I might take a little I used to own resources so I might take a stab on the not an investment but a fun play here on the November but I get it that's going to keep me doing anything longer. Okay, for now. We'll see how it closes the end of the week. I thank you for your time always and you are the man. So one of the other reasons to really suggest that potential consolidation breakdown move out here is the monthly has got a TD9 count top. Prices below the bottom of its weekly monthly profile has been for a couple of months here. This says 2644 is really a potential game out here. So just wanted to make sure I gave everything to you. Thanks. Appreciate it. You bet. Have a good day. We'll be right back, folks. 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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. Real quickly, folks, back to Upstart Holding's UPST. Dan of the Tiger's Den is asking the question. Basically, let me read the question. Steve, does the previous profile low have any significance in my work? And he's asking, in essence, will this level hold the support? And by the way, that area was 313-75. In the answer, I'll answer your question about these profile levels. Think of it like this. You're a sports guy, I know because we've talked sports before. So just think of this as being our playing field out here. And our field gets reset every time there is a new set of profiles. It's just like the offense coming in defense, you know, you're changing. You've got a new set of downs. You've got a new field that you're playing on. So you ask the way that I view them. That's how I view them. Each of these profiles, when there's a new one that forms, you don't even really consider or think about the other profiles. Or at least I do not. So that's the answer. Another question inside the Tiger's Den here, and we're just going to go ahead and stick to the white background charts because we only have about a minute. The first question was, is Morgan Stanley forming some kind of major top? And in order for that to happen, price is going to have to close above $102.50. We're below that right now, so that may not form. What I see out here, John, on the daily chart more than anything else is a consolidation, much like the markets. The bottom of the consolidation means somewhere in the vicinity of about $96.69. The weekly chart out here, we have a roadsman to indicator top. No levels of support have really been broken. I would not be surprised to see a move to $93.05. We've created that pattern and suggest that we continue to move higher. So in major tops, all major tops have a roadsman to indicator involved with them. So it's got potential. The price first has to break through support. You have a TD9 count top on the monthly timeframe for Morgan Stanley. This suggests price should go target the $93.36 level. Ultimate support right now, $79 even Steven on Morgan Stanley. Folks, stay tuned for two more great hours. I'll be back with you tomorrow on this sharp. Have a wonderful Wednesday, folks.