 The following is a presentation of TFNN 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 morning folks welcome to the February 22nd the wonderful Wednesday edition of today's Traders Edge show I'm your host Stevie Perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past Hope everyone out there is having a great day. Hey, let's make sure we have an extraordinary one Now the easiest way to do that is to always remember that life is happening for us not to us That's right When you and I make that one little two-by-four shift It means we can find the gift in every set of circumstance that life is gonna toss at us now today You and I we're gonna go take a look at the what just totally lost my thought there We're gonna go take a look at what these markets are doing We'll go figure out what those bowls and bears are doing so let's do this Go ahead and give us called 877-927-6648 if you've got a question We'd love to hear from you if you've got a question, but you can't call in you can always send an email Send that off to Steve at tfn.com and inside the subject heading Please put radio show question. Of course if you're inside our tiger stand well then any in every 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 the show a bit of a mixed bag That mix is only coming from the transports are up 120 points about 8 tenths percent other US indices are trading to the downside That was down two tenths same for the S&P at 69 and 8 points respectively six tenths for the Nasdaq 100 113 there a half percent for the Russell 10 points there the semis are down 47. That's 1% move Gold's off 5 bucks Silver's down 25 cents the US dollar index is up just slightly Natural gas is up 17 pennies big move there lights be crudest off a buck in the 30-year treasury print out a 1807 now the leaders in the clubhouse dollar wise to the upside Garmin up 12 bucks haven't seen that name for a while. That's a 10% move get gent Gin therm is up 12 bucks 25 percent move wicks.com is up 10 bucks 9 percent Toe brothers 6 bucks and West pharmaceuticals up 6 bucks as well to the downside the leaders are Palo Aloe Network 99 bucks 27 percent move super micro 39 bucks 5% move zscaler 36 bucks 15% crowd strike 32 bucks 10 percent micro strategy 25 bucks 3 and a half percent So we got movers and we've got shakers. Let's begin our day by What let's go take a look at just stay on the set of charts here Let's take a look at the daily equity future contracts. What do we know out here? We don't got Rosemont to mitigate or top on the ES on the NQ on the Dow on the Russell 2000 Now the only one that's really an issue right now of giving us a potential change in trend signal would be the NQ That require closed below 17 531 today and tomorrow out there in order for that to be accomplished out there So since that's the only one that is showing us a potential change in trends I'd say well, let's come back and take a look at the Dow as well Let's go take a look at their intraday charts and see what they're signaling to us But before we do that just curious how futures are trading in terms of other currencies See if there's anything out here to be paying attention. No, nothing that really that's a major Interest to us at the moment. So let's go switch our panels get over to that white set of screens out there We got multiple timeframes and we'll start off by take a look at the NQ So in the daily time frame no really need for us to spend any time there if we look at the five-hour time frame chart Bar number nine is in the process of completing as long as price closes below 17 582 50 at 2 p.m. You will have a confirmed TD nine count bottom That will complete as we come into today's close out there So there's also roads with dominicators and God's been triggered a bullish reversal candle would confirm that pattern What price would need to do what price would need to do what price would do if we get those bottoms? Would rally up towards its oscillator and change line 17 6 10 is the current print price as you can now that number's gonna Change up and down but price as you can see would need to close above that to suggest to you and I that whatever bottom signal Here is going to gain some traction otherwise out just where the counter trend move would end on a four-hour time frame chart I don't have a bottom signal out here. So let's skip that go to the two-hour time frame chart This panel I put this bar close that noon. It does so we've got about 50 49 minutes left in this candle session read right now And that's not a key reversal So if it generates a bullish reversal candle the two-hour time frame chart for the end queue would confirm a roadsman to Indicator bottom now. It's really important about the two-hour chart. Let's just simply expand this out So it's really interesting and we want to spend time or you want to spend time paying attention to this Whether you're short or long out here if we take a look at this hundred twenty minute oscillator and change line We can see that it is held as resistance with the exception of one bar two bars That is so the first one was a two in the morning Then we got right back below it on the next two-hour bar the next one were traded to close just above it was at six o'clock This morning. So this tell us tells us you and I we need two consecutive closes above that level The first one could take place at 12 noon the second one then you come back to it take a look at 2 p.m Now if that unfolds out here what we can see is that you'd have a roadsman to indicator bottom a TD 9 count bottom That is still active out here that formed yesterday at 2 o'clock in the afternoon. So that low is still So it still has a bottom on this two-hour time frame chart So all of that would signal to you and I and I'll pull back We'll take a look at the five-hour time frame chart But this is telling us what the end queue would want to do in those instances That's at least that this bar complete at 12 noon would rally up towards a 17 6 43 area Now if we pull back the five-hour chart 17 6 11 is its oscillator and change line So those are the ranges that I would be looking for should we get this confirmation of this bottom signal now We move down to the shorter term time frame chart such as a 60 minute chart out here This two is trying to confirm a roadsman to indicator bottom And if it does that as we get to the 12 noon session this says 17 6 15 so we got 17 6 15 17 6 11 and 17 6 43 are the price targets to the upside I haven't talked about price targets to the downside But that's because these interday charts here are showing us bottom signals even the 30 minute time frame chart has a TD 9 count bottom looks like it might confirm a roadsman to indicator bottom here in the next 17 minutes And that says then that the first area of resistance to watch as we do our progression Downward in time is going to be 17 5 47 out there. So let's leave it like that You've got 17 5 47 a price can close above that then 17 6 15 would come into play a price can close above that Then well then I don't know because that that would get us towards that five-hour Oscillator and change line so those are the time frames that I would be paying attention to the 30 the 60 the 120 and the five-hour time frame chart to assist you through the day For trading the end queue. I mentioned that the Dow was back at support early this morning So let's go see what its signals are generating for us if any out there It's going to take just a few moments for this to populate Not much I can do about that now in the case of the Dow equity future contract it never got down I take that back. So we've got two different sets of profiles. That's right One set of profiles on the black background screen that shows the bottom of the Dow equity future contract at 38 461 As you can see in the upper left hand, maybe you can't see it I'll just simply expand it out. It has a different set of profiles using similar data Sometimes that just happens gets a different calculation. We use them both and by both. I'm talking about 38 370 So since price hasn't on this white background chart gotten back to a level of support I don't know that we're going to see those bottoming signals, but let's go take a look anyways Here nothing on the five-hour time frame chart nothing on the four-hour time frame chart Nothing on the two-hour time frame chart nothing on the one hour Yeah, so there's basically nothing here inside the Dow and I expect that now knowing that we weren't really back to a level of support Utilizing Stevie's ninja trader charts will be right back If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and Technicles sign up for rocket equities and options report today with a 30-day money-back guarantee So you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN comm TFNN educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities subscribe to the opening call newsletter at TFNN comm 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 comm 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 it 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 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 comm and try mastering probability 30 days risk-free today TFNN educating investors TFNN has launched the Tiger's Den hosted at Discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The Tiger's Den available to all Tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders sign up today and become a part of this Educational community of traders just visit the front page of TFNN comm Call now toll-free at 1-877-927-6648 internationally at 727-873-7618 Good back up folks. We do have a couple of requests that are in so let's get to those Yesterday afternoon or yes, I guess afternoon yesterday if you're listening to show we were taking a look at uranium for Libby and Told Lee that you know, we would take a look at these charts today And so Lee now has taken a long position inside of uranium and I certainly concur with that trading decision They're Lee you can see that you're gonna go ahead and complete a TD 9 count bottom today That says that if you do see a close blow today's low whatever today's low is that pattern would get negated and that would then Kind of invalidate the reason that to have taken the trade out there So watch out, but the reason why this looks like it has a very good opportunity to work out there One you've got the TD 9 count bottom on the daily time frame We've got that going on at the same time We look at the weekly chart prices pulled back into its bowler structured support zone between 2755 and 2787 Of course our monthly chart is one that we're most concerned with out here Because it's got a TD 9 count and could be a Rosemont Dominicator top as we get to the end of the month out there But we're not at the end of the month just yet when we take a look at the you know when we get to The way the progression steps would be if you get a bottoming pattern and getting back to support Inside of a any type of time frame can be a bottoming pad That's where the buy the dipsters would be and here in this case of your name We know that is on the weekly time frame So on a weekly base if we get a bottoming potential bottoming signal We like to see some confirmation on the daily time frame then on a daily We like to see some confirmation on a shorter term time frame well turns out Lee that what you had going for you was a Rosemont Dominicator bottom that unfolded this morning on a 30-minute time frames chart out here and that took place at 10 30 So you've really got everything that you need now you need price to cooperate obviously But you have all the reasons to have taken a long position inside you are a so congrats to you on that now Let's do this too. So I I knew that we were going to be taking a look at this I started tinkering with our seasonal my screen goes blank here Or to black then I'll have to change this we'll go take a look at something else But this is the chart here for ticker symbol you are a it only goes back 13 years This shows us right now that we're really headed towards the unfavorable seasonal time frame In fact unfavorable seasonal time frame that would take us into a low maybe around october of this year So that's a reason to that's a reason not the reason necessarily But that's a reason to say that if you do get a close blow today's low Maybe it's worthwhile to take just simply the small loss on that trade That's nothing that I see in the cards just yet because we've had everything kind of synced together out there But one of the things that I was able to do with this Was kind of cool as an email that I received I believe was earlier this morning and then I really started tinkering with it now It's taken me a while. I don't have the exact Let me just do this here And when I do this if you take a look on the right hand side for the area that I've covered here What it does what I really like about it is first you get some great information on the right hand side But what I really like about it is now gives us by year How this instrument responded? So what's kind of cool about that if I can get this to work I was kind of getting it on and off and that's a prox there we go. Okay, so it's Okay, I think I do have that working So now what's cool about this is that we can see the years where uranium has had Success and when uranium hasn't and it looks like since 2020 is really the pattern so either to go back to 2016 Or 2020 to kind of take a look at the current patterns that are out there I'd say why don't we just go back by hitting this more button here? And let's just go to 2016 Let's just see if we take all the data from 2016 and then we'll close off the We'll start it at 2020 But just so that you can get a feel for what the average seasonal performance is by getting rid of Or by understanding maybe the the pattern that might be in play out here number one It kind of it kind of gives you an annualized return out here Of 10 percent over this time period out here What we could also do is take a look and see where we're at right now So even over this time period here Ali we're still in the unfavorable seasonal cycle, but what if we started from 2020? So we get rid of 16 17 18 and 19 then where are we at? Well, it turns out it's it's still somewhat of an unfavorable seasonal time period With that favorable time period getting back to march 22nd So I just wanted to lay that out there for you It would not be the reason to have you not take this trade in ura You've got the bullish structure daily I've double structure bullish structure weekly profile and a td9 account pattern on the daily time frame But there was a second instrument that lee was taking a look at He did take a long position of both I believe he was and in the question and so if we let's go take a look at it uEC Is the attica symbol now uEC has a totally different set of patterns. Let's see you your uranium energy Corp out here in this one I would say the daily time frame has not given you the signal to go ahead and take the long position You're in the money because you took that trade at the open I'm just sharing with you that the daily time frame chart for uEC Which has a rogment dominicator top is trading below profile support and is likely going to go target 628 628 is the td9 account breakout level when I look at the weekly time frame Okay, everything is good here. So good aggressive trade as price is pulled back into The area where a counter trend move to the downside would end So if we take a look at this chart out here in fact, I'll just make sure we're only looking at the weekly time frame What we can see is that this has a Bearish structured weekly profile price closed above it January 12th and it remained above it really up until this week So we've been for more than two consecutive sessions above that level If a move to the downside is only a counter trend move where price would find support would be between 635 and 668 And the load this morning out here was down at 642 between 635 and 668 So what I would say on this trade, I would say go ahead and stay with it because this level is held But I would consider closing out on a weekly close below that 6 630 635 level if you get a weekly close below that that's telling you we're likely going to see lower lower lower prices inside of uEC On a monthly time frame rogment dominicator signal triggered right now It's currently a dark cloud cover candle. Do not know what that candle session will be on the 29th of this month out there So uEC looks pretty decent Um, if we look at number of consecutive days up and down for this instrument, let's take a look at that This is the daily time frame that we're taking a look at five days to the downside yesterday Typically when you get five days to the downside it tells you about uh, that the move is going to be to the downside It's going to continue to move to the downside out here But you should at least get a two to three day rally out here inside of uEC So lb. I hope that that provided. Well, you know what? Let's just see if on uEC If there's any kind of a seasonal trend here for us to take a look at so let's just go see uEC Um uranium energy core. So we've got that. Let's see how many years worth of data we have We have 18 years worth of data Now in the 18 years worth of data, we can see that this too has entered its unfavorable Time period out here, which typically the only real favorable time period for this starts around the uh, November time. I mean there's small smidgens out here. There's one that begins around april 11th last through june the ninth There's another one that begins november the second and really runs right through about the middle of february out there um So what else can I provide you here? I could try doing that same thing to see if there's any year specifically That is should not get any of this out of the equation. Yeah, so I kind of got to start smaller for some reason There we go. I got that triggered now and if I pull it, I don't go all the way to the end. I think I'll still keep it Ah steve blew that Let's see if I can get it here before we go to this break Uh, the only year I would take out would be 2009 2009. You can see would truly be um Impacting this church steve roge with tfm. We'll be right back old report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The us futures market and the shanghai gold exchange the gold report tom o'brien publishes his weekly gold report every monday morning for subscribers Consisting of coverage of the xa u hui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30 day money back guarantee. 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That's tfnn.com and hit watch tiger tv So uh during that break i was able to go put all the years into the uc Uh chart the seasonal chart that we took a look at took out that anomaly year of 2009 and even here Lee this still shows you that you're in a very strong Seasonal cycle typically for this instrument to the uh downside so just use that information As you will and thanks for waiting the extra day to get that Let's go take a look at the microsoft this for nancy inside the tiger's den So nancy what we have with regard to microsoft is we have price that is trading below the bottom of its daily profile It's a bullet structured profile trading below for two consecutive sessions tells us about a profile change in trend Today is bar number seven of a td9 count this suggests that microsoft could form a td9 count Between td9 count bottom that is between tomorrow thursday and monday of next week If we look at the weekly time frame chart, we don't have a well, there's probably a sell the d-point pattern. Let me just uh Actually, let me do that on my other set of charts out here. Probably have that drawn in So there's probably a sell the d-point pattern that formed last week with that bearish reversal candle. No, there is not I take that back. So microsoft actually has an a to b equal cd to the upside With 462 80 being it's our first price target. So now what do we do? What we have is a consolidation with inside its weekly profile lance That's between the levels of 420 82 that's your resistance and 388 23 is your support level Because price is below that green oxygen change line. It has lost its momentum an odd's favor That price is going to make its way down towards that 388 23 level out there I don't see a topping pattern on the monthly time frame chart and everything looks pretty bullish because price is above Profile as well as that green oxygen change line. So I would say with regard microsoft We've had now what this could be four consecutive days to the downside. Let's take a look at its dance steps out here microsoft Since the uh, so this will be helpful to you perhaps helpful to you dance Since the bottom in microsoft, which was back in september of 2023 the most recent bottom out there We can see that there was one Four day retracement four consecutive day retracements. Most of them have been two bar retracements out there So today's bar number four If this pattern keeps nance, what this shows us is that we should see a rally inside of microsoft that i would expect or Anticipate would last at least uh two bars two days out there So i'd anticipate that microsoft's going to form some type of short-term bond doesn't have to But just take a look at the patterns of the past out there Um before it would go and perhaps complete the td9 cal bottom on the daily type frame. So hope that helped y'all Nancy thanks so much for the request G man wants to take a look at apple apple is formed or is attempting to form a new daily profile So let's go take a look at that that new daily profile Is below the prior profile what i mean by that the bottom new profile is 181 That's below the prior one the center is below the prior center in the top at 185 99 is below the prior top That tells about a descending trending market out here even from a profile standpoint What we don't have out what we do have out here inside of apple is it has found support in this general area In other words the first time that apple was down here was back on january 5th this price level when it came down Then it had 62 million shares the next time that it was down was at 47 million shares on january 17th The next time it was down there 102 million shares on february 2nd And then it was yesterday with 53 million shares out there So for whatever reason this is an area where price is finding support What i don't have on my system that i can easily see is something that i can point to you that says that's why I just don't have it. We're trading below on the weekly base the top of its profile on the monthly chart We're trading below its bearish structured monthly profile. That's not a good scene That says that apple wants to make his way back to 147 to 1 But that ain't gonna happen unless we start seeing apple close below this little cluster area And right now for that price point out there g-man the level that we would use would say be 179 and a quarter out there But you are inside this new profile So it's bullish in structure if in fact apple can close above 183 even steven out there Then odds would favor move up to the 185 99 level that would be the top of its daily profile So that's about as good as I can get for you on apple Let's see what's going on on an intraday basis. See if there's anything here with regard to apple. There is a roachment to indicator bottom Price is trading above profile resistance So on a short term basis apple suggesting that it should rally further out there at least that's what it's signaling to and I if we take a look at And if we take a look at the dance steps out here Um six consecutive days to the downside for apple You'd think we'd get a two-day rally out here at least with uh with it's at apple But I do not know why price has found support where it has found support And uh, that's just the way that it is. So g-man I hope that that information helps you out Got any curious? Let's take we got no we're gonna have a lot of data here for apple But just curious about its seasonal pattern a ap l. Let's pull this up On our charts. Let's see how many years worth of data 43 years worth of data out here. Let's um Let's do this here. Let's de-trend this thing So apple kind of shows that right now historically Over a 43 year period of time apple really creates kind of a consolidation pattern That almost lasts through the middle of april before it then takes off to the upside And then it's unfavorable seasonal time period is in june It likes to take the summers off. It likes to take the fall off. That would be september as well So kind of curious here now that I know I've got another tool that I could look at again I'm doing it this way. I'm gonna write an email see if I can get some additional instructions Just to make sure I use this thing properly, but this should work. I hope Let's see if it does. Yeah, it does so here You know what I wouldn't what I wouldn't say if we were going to cut out years, you know, you'd probably cut out over 87 maybe 98 out there, but all otherwise all the other years look to be pretty good Out here with regard to apples. That's its seasonal pattern. That's its information. G man. I hope that helps you out Thanks much as always for the request jt in new york is asking the question and folks. Maybe you can answer this yourself Which looks better the smh's or the gdx? Let's go take a look at each of them See if we can come up with a conclusion. Let's begin by taking the smh's. What do we know about it? Well, yesterday's gap to the downside created a roadsman to indicator top out there Price is trading with inside his profile The inside profile levels are 189 189 79 to support But we really want to call it 187 86 a support the td9 count breakout level resistance. That's pretty easy 203 27. All right, so we've got that for the daily time frame. We're trading below It's a daily oscillator and change line that suggests we may head lower head lower to wear Well, we don't have a weekly top We do have an oscillator change on the has got support down at 1 90 86 So i'm gonna go with the 1 90 80 ish area is where the smh are likely headed to so your question is which one looks better Right now. I don't think it's the smh. It looks like it wants to have lower I'm assuming that your question jt was which one looks better for a buy right now But I don't know if that was really when you say which one looks better if that's what you meant But let's switch over and just take a look at the gdx charts We can go back and forth. So let's take a look at gdx and we take a look at the gdx. What do we know about it? Well, I would say this chart looks better Now you asked about nugget which is the 2x or 3x I believe it's a 2x at this point in time of the Miners you want to really make your trading decisions I don't care if you train nugget But you really want to make your trading decisions off of the 1x that would be the gdx And as you will see here the reason why I say this is a better looking chart than the smh is Is because this does have a bottom and that bottom is a td9 count now This got a consolidation between 25 89 that's important in 27 56 So the answer to your question the gdx is the one that looks better That doesn't necessarily mean that's one they should take a long position But it most certainly looks better see roads with t of an m Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets Across the globe, which is why it's a great time to try out teddy keg stats tiger forex report Teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures Forex stocks and options teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar swiss Dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t bonds As they both influence forex markets tremendously when you sign up for the tiger forex report You also gain instant access to teddy 60 minute webinar archive He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today Visit the front page of tfnn.com tfnn educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 seven newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis after all he's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from larry on market movement. You need to act on at any time First time subscribers also get a 30 day money back guarantee If you're not satisfied let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 seven newsletter today tfnn.com educating investors Build the smp 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spx s directions daily smp 500 bull and bear Leveraged ETFs direction leveraged ETFs an investor should carefully consider a funds investment objective risks charges and expenses before investing a funds prospectus and summary prospectus contain this and other information about direction shares To obtain a funds prospectus and summary prospectus call 866-476-7523 or visit direction investments.com A funds prospectus and summary prospectus should be read carefully before investing an investment in the fund is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services llc This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz The folks our next request coming in from michael and pennington michael wants to take a look at both honeywell and kava cava h o n Is where we're going to begin our Review so we take a look at uh, you're asking, uh, where is this headed to i believe uh right now? We're trading above uh profile on a daily time frame or break trade above It's also a change on and we're trading above yesterday's high michael the answer this question said it higher now higher to where The next level of resistance that i have and i take a look at these charts is really the top of the weekly profile And that's where your battle is going to unfold and that's at 200 and 65 cents The high for the day so far has been $200 and 38 cents now if price can that doesn't mean that you should sell it It just means that you are running into resistance That's your next battle if price can overtake 200.65 close above it Then the next price target would be 208 42 and that's a td nine count breakdown resistance area now What we also have is this thing gap down with quite a wide ranging bar? I'm sure there was volume behind it 7.8 million shares to be exact so far today You're up with 383 thousand shares So you could be getting into an area that is a bit of a bumpy ride inside that gap Those folks at 208 bucks when this got down to 191 they might have said you know what if I get my money back That's what i'm going to do don't know whether that's the case or not But this should continue to head higher with 200 Dollars and 65 cents being your battleground and that's what I see when I take a look at honeywell This looks to me to be in an uptrend out here Most recently if we take a look at its dance steps what we're seeing normal behavior Two steps up maybe one step back two steps up one step back two steps up one step back out there So I would stay with this trade out there. Hope that helps you out with regard to knowing where the battle is and why Let's go take a your second instrument. That was ticker symbol c a v a Let's get that up on our screen out here. Let's go take a look at kava Trading out at about 48 97. This is kava group out here. So what do we know about it? What do we know about it? This forms a TD nine count top that is still in place out here and today prices gap down Below the bottom of its bullish structure daily profile mic And so that is telling you and I that this wants to get to its next level of support The next area of support will be 46 56. That's a daily TD nine count breakout area below that We'd be looking at 43 72. That would be the top of its weekly profile. So I would say kava Kava group is likely headed lower watch the 46 56 area for a potential Buy look for some type of the interday chart out there That's got some type of a buy signal out there. And if that area fails 43 72 would be the next area to be paying attention to The mic. Thanks so much for writing in a long time. No here good to hear from you I'm a guppy inside the tiger's den. He wants to take look at tesla tesla. I was driving around on Monday president's day yep president's day even though i'm not a president I did get the day off and that's a beautiful thing And uh, it's the first time that I saw one of those tesla God awful ugliest thing I have ever seen with four wheels on it It actually and I think most of you know if you don't know I am um If I say I'm not an artist That's an understatement You know my kindergarten teacher called my mom and because the stick figures that I was drawing She was that concerned about my artistic skills stick figures that I'm not lying to you in any event out here tesla that truck I looked at that what I was going to get to was that look like a truck stevie Would have drawn out there that thing was as I don't know if you've ever seen that thing I mean now we've all seen it you know on tv when he introduced it would have you but I don't know what those things sell for or why somebody would have spent that kind of money Whatever kind of money on that vehicle, but that doesn't that's not why we're taking a tesla We're taking a tesla because my guppy asked the question Where is this headed to and I would say it's headed to the north it's headed higher So long as price is able to remain above 192.09 this formed a price daily roadsman to indicator bottom We had price closed above the top of its daily profile for a couple of days Yes, a price pulled back and tested old resistance, which would have been the top of the daily profile that may become new support Now you could actually even be so where would this head to So I would say as long as it's going to continue this rally if it does continue this rally I start to get concerned about it if price gets back inside the profile level as long as that does not happen I would say the 211.06 area 211.06 is the Top let me see here The weekly profile it is 211.06 is the top of the weekly profile strong support 184.02 both the center and bottom of that profile are down there so my guppy Let's see here when I take a look at tesla's Dance steps how many days up how many days back? Everything looks pretty normal. I like that four-day move up two days back two days up two days back So you're just kind of doing the normal dance steps with regard to tesla as long as holds the top of that profile The daily time frame my answer to your question would be this is headed to the north. This is headed higher So that helps y'all. Thanks much for taking the time to write in now. We've gotten through All the questions out there How about that? However, I know that somebody Was asking about natural gas. So let's go take a look at the natural gas charts out here actually Let's take a look at the intraday charts for natural gas. Let's go see what's going on there So if you give me a moment, I believe these charts. Yep, we've got him set up So we take a look at natural gas natural gas formed to buy the d-point pattern It did it on friday. It did it when we had that bowl sash candle. We were live on the air I shared with people that as soon as I got off the air that uh subscribers We're going to get an email that says take a long position I actually waited about an hour and a half or so because the intraday charts I think at that time showed price was pulling back But we were had to pull the trigger on that so you've got nice buy the d-point pattern Part of the reason that we were pulling that trigger was because of the seasonality Associated with with regard to natural gas. We're in a favorable season as we are We are in a favorable season right now. Let me try to pull all this up here. I've got 33 years worth of data I just do that. I don't know why I can't there we go. Oh Yeah, I really gonna have to figure out how to use this new tool out here, but wow man now stevie really screwed up Let me see what I do Okay There we go. Now we're back. So now let's go ahead and put in where we're at Let's go ahead and detrend this thing We've got how many years? Oh, that's 10 years worth of data Let's get our 33 years worth of data and over the 33 year period of time. This suggests that we should see Higher price out there with the rally that takes us into mid june Now let's go back and take a look at see if I can well, let's start off with small Here we go. Now. Let's do the large one Let's try to do the majority of the year And let's see. Do we have any anomaly so in 2022? Yeah, that was an anomaly year for sure 2022 and 2000 I would be those anomaly years. So what if we it'll take a while to do this? I believe Is there a way to select all? Yeah, select all perfect. So I said 2022 and 2000. Okay, so let's select all Let's get rid of 2022 Let's get rid of 2000 just to smooth this out just a tad We're smoothed out And even in this process here this shows that we are in a favorable seasonal time period With a rally that should take us up into mid june So even getting rid of those two years So when we take a look at what's going on inside of natural gas on an intraday basis The five-hour time frame chart as you can see is going to go ahead and confirm a td9 count top at 2 p.m And that'll complete at day's end So my suggestion here if you're not in a natural gas trade long trade is wait for a pullback We may get a pullback overnight out here based upon the td9 count patterns that I see at the moment See roads with tfn. We'll be right back You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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Uh, I believe you're in this trade here nicely done This is right now taking out resistance and that is the weekly profile resistance level and we're trading at 80 83 11 the top of the profile is 83 11 So what you'd love to see is you would so right now prices trading above It's daily td 9 count breakout level 81 84 We had done that once before that was in the trading session of january 2nd The very next time to the dot never the next day the downside it was back below that area So you'd love to see it stay above 81 84 if it does that if it does that it tells us we're headed to higher ground However, the caveat there is you really got to get it closed above 83 13, don't you? So I'd watch the 83 13 level. I don't see anything bad or negative out there. Just a drop at resistance So alton, I hope that helped you out and I thank you as always for their request We had requests to take a look at nvidia. They're coming out with earnings tonight If we take a look at nvidia someone says plus or minus 10 Uh, which is uh fits really with regard to the price targets Thank you, tony that I would have given to you if we take a look at the upside So if I take a look at nvidia, you can't see it because I'm on the white background charts here But there is an a to b equal cd pattern in the monthly time frame that monthly time frame the 1 to 2 ratio Is at 7 38 84 price got up to that level So I would say the upside move would be up to the most recent high that we've had that's about a 70 dollar move or so To the downside the support level is between the td 9 count break outer in the daily time frame And the weekly oscillator and change line 6 16 to 642 Again about a 6 10 move either to the upside or to the downside out there now There is some there is support on the daily time frame also at 658 74 So I get the plus or minus 10 tony Because that's really what the charts are showing us as well So all of that makes sense. Is there any kind of a clue as to what it wants to do And I have to say it does have a daily and a weekly top out there Those are the td 9 count tops, but there's no levels of support that have been broken So I don't know that it's giving us a clue other than the topping signal suggests that it wants to trade lower Folks, stay tuned for all the great program. We've got lined up. I'll be back with you tomorrow on terrific Thursday Please have a wonderful wednesday. Thanks much for joining us. We look forward to being with you again soon Take care now