The following is a presentation of TFNN, The Trader's Edge with Steve Rhodes at 1-877-MAC-27-6648 or internationally at<PHONE_NUMBER>. The Trader's Edge. Now, Steve Rhodes. Good morning, folks. Welcome to the May 15th, 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. And the easiest way to do that is to always remember that life is happening for us. Not to us. That's right. When you and I make that one little two-by-four shift, it means we can find the gift. In every set of circumstances, that life is going to toss at us. Now, today, you and I, we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I do want you to know I'm absolutely grateful for your presence here, but even more important than that. And that's this during this next 53 minutes. I'm here to serve you. So feel free to pick up that phone. We'd love to hear from you.<PHONE_NUMBER>. Now, if you've got a question but you can't call in, you can send me an email. Send that off to Steve at TFNN.com. Inside that subject heading, if you'd be kind enough to put radio show question. Now, send that one off early and inside our Tiger's Den. Well, then any in every ping will do. So let's go ahead and get this show started on magical, magnificent Monday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. Right now, we actually got a sea of green. I'll ball those slightly. It's basically flat in the Dow, flat in the S&P, then Aztecs up four. That's flat. Russell's up 15. Summai's up 20. Trendy's up 14. Gold is up 70 cents. Silver's up 14 pennies. We crude up about 35. Natural gas is up 10 cents. The U.S. dollar. Well, it's not up. It's down 15 pennies. Trendy's out at 102.35. Lead in the charge. Dollar-wise, the upside. We got syrepto-therapeutics up 32 bucks, 26 percent. Monday.com, 17 bucks, 13 percent. It likes Monday. Neogames up 14 bucks. That's a 112 percent move. Heiko Corp. 14, 9 percent. Land research, 12, 2 percent there. Shockwave Medicals off 16 bucks. That's about a 6 percent move to the downside. Followed by Tractor Supply off 8. Paloal down 7. Intuit down 7. United Health Group down 6. That's about one and a quarter percent to the downside. So we got some shakers and we've got some movers. But let's just go take a look at exactly what the markets have done. What signals they were providing to you and I this morning. This is really an update for subscribers out there. So subscribers knew that the 60-minute timeframe charts were the likely timeframe that we're controlling the market. That's really what part of what I do each day. As I go through, I start my day off in the 5 a.m.ish range, I go through all kinds of charts out there, provide a lot of that detail to subscribers. But it helps me to understand what's going on inside the market. We take what's going on overseas in Asia and Europe and so forth. And then as when I get to the U.S. aspect, I look for some kind of synergy. Well, the synergy came from the 60-minute timeframe charts. That's why it was pretty easy to identify that it was a 60-minute charts that really should be our focus for the day. That was where the current flows of the ocean, so to speak. Well, we all had TD9 count tops out here. And each of those formed, you got about 5 o'clock this morning. Let me make sure it was 5 here. I don't know if it was 5, but close to 5 o'clock. It was 6 o'clock for the NQ. Now, what we knew at that stage this morning, we saw price backing up. We knew we had TD9 counts. We also knew we had the oscillator and change line that was being tested. That was about the 9 o'clock timeframe. So we knew that, but it was if price gets below that level, it should make a run for its breakout area. And that's as much as to us by that TD9 count. If it's a pattern you don't know, you should learn it just to subscribe to Mastering Probability. There's some workshops up there that will teach you that pattern. So it sets up that breakout level inside the ESMINI 4128. It's possible that the move lower for the day is over. We'll take a look at that too in the case of the NQ. $13,367.50 was its target. Now, price did get below those areas, but we use the body of the candle as truly the essence of price. The wicks on those candles are upper or lower shadows, whatever you want to refer to them as. They're nothing more than the screaming memies. They're what took place during a 30-minute session, but it's the open and the closed. The body of that candle, that really is the essence of price. That really is important for us. We can see in the case of the ES and the NQ, both those things have held. Now, what they're dealing with is a resistance area. The NQ first up, and that's at red oscillator and change line. We need a close above red oscillator and change line. Otherwise, resistance will have had, and we'll take a look at that $13,357.50 area again. Now, if price gets above that, we can see a $13,412 at $13,426, and at $13,447 are additional battles for the NQ on a move higher. In the case of the ES many, it has to still deal with that red oscillator and change line. Currently, at about the $41, let's call it $41.42 on a further move higher than above that. And if this is just a counter trend move on the 60-minute timeframe, where price would find resistance would be between $41.47 and $41.50 out there. Now, the real number to be paying attention to today, or at least I believe that it is, is the $17,5980 level. What's $17,5980? Excellent question. $17,5980 is the high of the TD9 count pattern on the Russell 2000. That is being attacked as we speak. We have another 19 minutes, just short of 19 minutes, 18 minutes right now. If in 18 minutes we see the Russell 2000 close above $17,5980, that pattern will have failed. The weekend to see will be the leader out there. And actually Bullmark has kind of run pretty good when you've got the Russell and the NQ that are leading the charge. Now look, this is just a 60-minute timeframe exercise here. This is not the full day. But really with regard to the rest of the day, if we get that close above $17,5980, we should not be surprised to see that the signal coming from the weak link out here is saying, well, today's not going to be too bad. Now, why would we have a rally today? Why would we have a rally today in the equity markets? Why should we have a rally today? Let's get rid of these 60-minute timeframe charts. Let's go over and take a look at... Did I put that up there? I don't know if I did. Let's see here. We should take a look at our Niger chart. This is the daily timeframe now for the daily equity future contract. Those green lines out there, green or red, are the odds that are in chains. Remember, in the opening, I mentioned that the ES mini's real resistance level is at green, odds that are in chains. You can now see it in the works there, right? Everybody would have thought that on this big rally day here on May the 5th, that was a nice wide-range bar that the markets were ready to hire. But Stevie and subscribers knew that, well, hold your horses here because all price is done has got up to that resistance line. It's the reason I developed it. It's not a moving average. You can move it moving averages, but it won't replicate the odds that are in chains line out there. The ES mini's real resistance level is 54. It's a real key level for the daily timeframe for the ES mini out here. You can see the ES mini had two days, two consecutive pull-backs days out there. They typically last two to four days. Then we see a move higher out here. We are above that green, odds that are in chains line to the daily timeframe for the Russell. So that's looking pretty good out here. Shoot the NQ strong leg bull. Yeah, it's got that bearish and golfing candle. It does confirm erosement and indicator top. But as long as price remains above the Russell strong out there, not waning. And the Russell tooth are the Dow equity future contract. That had five consecutive days in the downside. So it's due. It's due for a rally. And that rally should be at least a two-day rally. So that's what I see when we take a look at the daily equity future contracts. There are knee-jerk reaction moves. The 60-minute timeframe chart follows equity future contracts. And that means pay attention to that Russell 2000 because you get a close above that in another 16 minutes. That being 1857, something or other out there, you've probably wrote that number down on your pad of paper. That likely tells us that equity markets will continue to move higher. C roads with TFN. We get back from this break. We're going to take a look at NSC for Roger as well as a Plains All-American PAA. Of course, folks, I'd love to hear from you as well.<PHONE_NUMBER>. 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 Kegstad's Tiger Forex report. Teddy Kegstad 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's 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. 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.  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<PHONE_NUMBER>. Before we move on to individual positions and so forth, let's take a look at the market breadth that's going on as well. Here's the NASDAQ 100. You're looking at the upper right-hand side. When you see these speed dials in the green zone, green or blue zone, they'll have a positive percentage number. That tells you that it's a bullish cross or what that means, folks. As an example, on a 60-minute timeframe right now, there's 48 instruments trading above the top of their daily profile, 26 below. There's 28 with inside the profile. I'm not as concerned about the ones inside as I am. Are we more bullish or bearish out there? Are more instruments trading above resistance or below support? In this case here, for a 60-minute timeframe, it is above resistance where we have things trading. In the case of the weekly, it's basically a one or two stock difference, a 25 above, 26 below. So it's really a pretty neutral signal. So the overall signals for market breadth, for the NASDAQ 100, is bullish out there. And the NASDAQ obviously can move things higher.  If we take a look at it shorter term, which would be a 30-minute timeframe, let's take a look at the NASDAQ. We'll come back here to the S&P. If we take a look at the NASDAQ, you're 56 above and 12 below. So the NASDAQ should continue to rally out there. Now let's go take a look at the S&P. This is where we get this choppy market. So this is not a one-way move or anything along those lines. Here we are bullish on the 30-minute timeframe, with 228 above, 102 below. But when we get to the other four timeframes, let's go see exactly where we're at at this moment in time. That's 11.19 in the morning. Let's switch this over and make sure that we are on the S&P 500. Here we go. And now what we've got is we are bearish. 60 to 40 daily and weekly timeframes out there. And so you get this consolidation going on inside the market. We've got market breadth that is at odds with each other out here. So expect these choppy conditions to continue unless guys clear. And for guys to clear, we'd have to get back to a situation where we were market breadth positive across the board out there. And that is not what we have. Next resistance level, these are the charts here for the NQ or the multi-day timeframes out here. Next up for the NQ, likely that 313, 447, or really it's TD9 count top, which is 13, 447, 50. Get it close above that. The NQ likely has a 13, 487, and a quarter. So that's what's going on with regard to market breadth as well as under the covers for the NQ out there. Let's go take a look at our first request. This is coming in from Roger inside the Tiger's Den. Roger wants to take a look at NSC out there. So we've got NSC. It's trading at about 214. Let me just make sure of where it's trading at just by confirming that on my other set of screens out here. Yeah, 214.09 is the apprentice. And Roger right now, what it's attempting to do is take out a TD9 count top. In order to do that, it needs to close above the high from April 21st. That high is 215.18. If it closes above that, that topping signal will have been negated. And that will suggest to you and I because price would also be above the top of its daily profile that its next run or target on a daily timeframe is 227.87. Now, it is not that until it closes above the high from April 21st at 215.18. Now, there was 3.5 million shares that traded hands that day. So far, in nearly two hours of trading, you're at 3.36. So it's moving into that swing point with light volume. No indication whether it's going to be able to close above it. But we have another TD9 count pattern that completed on Monday. And price is trading above that high as well as the top of this daily profile. So although it doesn't have the volume from an enthusiasm standpoint, it sure is giving us signals that it is ready to take that level out. That's that high of that candle session on the daily timeframe from April the 21st out there. On a weekly basis, you've got a nice TD9 count bottom. Price now above it closed above last week that Oster and Change line. Its price target is 218.04. That is the bottom of that weekly profile. So we've got a 218.04. Well, the first target though is still going to be that high. That high being 215.18. Then above that, 218.04. Above that, you've got 227.87. Don't get a lot of help or assistance from the monthly timeframe chart. So we won't focus any time on that. Now, in the NSC, you are likely to get a fifth consecutive bar to the upside. Now, we have seen six consecutive bar moves out here. The last time we saw that was on March the 31st. That led to a three bar move to the downside out here. Way to five bar move to the upside back on April 17th. That led to a one day move to the downside out there. What I'm saying is that this looks like because it's moving to that swing point with light fall, it may take a few days to get through there. Maybe it doesn't get through there at all, but it is attempting to do just that out there. So that's what I see when I take a look at NSC on a 30 minute timeframe. It doesn't look like the high is ready to stop just yet or the move higher is ready to stop just yet. And the reason that we say that, if we look at that 30 minute timeframe chart here, again, this is for NSC. It still needs to be the high of the pattern out here. So if we're going to get a short term, TD nine count top, last time we got one of those, it looks like it might have been back here at 1500 hours on May the 5th. We did get a TD nine count top that really didn't take hold on 1530 on May the 9th out there. Oh, we had another one here that did take hold. We had a little bit of retracement back to support the profile level. So this is suggesting to you, Roger that there's a half hour chart. Number eight now, you still have to exceed the high over the course of by 1230. If that high gets up here, so that would be two 1240 to two 1457. Then you'd likely have a TD nine count top and expect some type of intraday pullback retracement. But otherwise NSC looks good. Kind of long in the tooth with regard to consecutive day rallies. It suggests that we should see some type of pullback. But right now you like how it's trading out there with the lack of with the exception being the lack of volume. So that's NSC. That was Norfolk Southern Corp. Let's go take a look at PAA. See what it's doing. I say PAA. I think I should say MCO after that. I almost typed that in. That's not what it is. This is planes. America. I believe planes. American pipeline with seven one heck of a day today. And Roger what it's running into was that TD nine count breakdown resistance level 1329. It's been up as high as today. It's been up as high as 1344. But that's the real level. That price needs to take out now. It's got nice volume already five million shares today as it takes on a swing point. There's one swing point April 24th. The volume there two million shares. So it's going to it has the volume already to take that out. It's taking on another swing point that form that roads meant to mitigate her top. That was March 3rd 3.5 million shares there. So you're just dealing with the sellers that reside there protecting 43 29. If that level fails, you should see at least a test of the high. I think you should see a test of that high anyways. But what I think and what it does are two different things. That high being again, the level of 1350. If you get a close above that, then there's likely an A to B equal CD to the upside. And it's a pretty good one. However, you're dealing with resistance. The daily roads meant to mitigate resistance, the TD nine count breakdown resistance, the weekly TD nine count and the weekly roads meant to mitigate her top out here. And on a weekly basis, the volume really metrics that you're looking at. It's moving into a swing that has 19 million. It's way too early to determine, but you're five million already. So it does seem pretty good. So planes, all American pipeline is doing everything in its power to try to move higher out there. It's just you're dealing with that significant resistance. So if you're in a long position, you like the volume that you have. You just don't like the fact that resistance has not failed on a 30 minute timeframe. If we take a look at P double A out here, we can see that it's got the potential to form a TD nine count top. But in the next 40, 30, 35 minutes, price would have to spike above that high being 1344. So if it doesn't do that, the 30 minute chart is kind of irrelevant to us at the moment. So that's what I see playing American pipeline. That was for Roger and the Tigers. So we come back this break. We're going to take a look at PayPal, PW, PYPL. That's for seven inside the Tiger's Den. And folks, I could use some more requests. So Steve at TFNN.com or inside the Tiger's Den, anything. Hope you're right. TfNN.com. TfNN has just launched their new trading room, 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. And now they are expanding their reach with the Tiger's Den available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders in the Tiger's Den. You can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well. 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Watch online at TFNN.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.com. Welcome back, folks. That was only in a seat to the downside, up 11 points, so it's flat. S&P is flat as well. It's up three points. Nasdaq up 30. One, Russell's up 16. We're taking a look at PayPal. PYPL is the stock symbol out here. And PayPal looks just absolutely horrible. So this is for number seven inside the Tiger's Den. What was your request out there? Can I find it? Seven PayPal, Mr. Rhodes. So PayPal is trading below last year's low. If you want to find an ugly stock, any stock, just look and take a look and see how it's trading compared to last year's low. If it's trading below that, it's a herd animal. That's for sure. Bolsheite would be trading above last year's highs out there. So in the case of PayPal, I don't have the yearly chart up on our screen, but it is trading below last year's low. And that's awfully sick. In fact, it's getting back towards the IPO-type prices out there. But if we look at the daily time frame, we do not have any kind of a bottom signal whatsoever. Yeah, it probably can come up with an A to B equal CD to the downside seven. But what you need out here is a bullish reversal candle. In fact, that would say here's the A to B point. Here's what we would use. Here's your A down to B. And I'll just simply move that over to where the high next side comes in after that low. Looks like that would be about right here. DZ. So it's close to the one-to-one level out there. And if you did get a bullish reversal candle, you would then generate a buy the D point. But I'd be careful here with regard to PayPal. If we look at the weekly timeframe chart, the weekly chart last week negated each of its bottom patterns that are out there. So this just simply says lower price. A bullish reversal candle seven would confirm a roadsman to indicator bottom there and really need the same thing on the monthly. Now it's too early in the month to know whether it's going to negate this TD nine count bottom or not. If price did close below 6851, then the answer to that question would be yes out there.  And there's a lot of folks that might say, well, hey, maybe this is a good bottom fishing candidate out here. I think there might be better places to go fishing than inside of a PayPal out there. So I hope that helps you out seven. At least I can share with you there are no bottom patterns and any bottom patterns that were out there were negated last week. So I hope that that information helps you out. That was a great question, and I would just say this is a good question because you know, it's been incredibly long since we started trading at about $60 and 87 cents. What it's doing right now, Frank, is it's doing with the resistance that oscillator and change line. So it is consolidating in essence with inside its daily profile. You know there's a significant resistance within the range of 6165 to 6198, which happens to be its bearish structure daily profile, but there's So right now, your specific question was, was the low from March, was that a washout? What was your exact language? Your language was, would you say the high volume March low is a washout bottom? I would say that it's a TD9 count bottom. I don't know whether it's a washout or it's not. I'm really just a pattern recognition trader. And so whether, you know, it's got high volume, Tom would say no. He'd say, you're going to get down there and test it. We did get price inside there, but it never tested the low of that swing point out there. I don't want to put words in Tom's mouth, but I think that he would say no. But what I can share with you absolutely, Frank, is it was a TD9, it was a solid TD9 count bottom, and it took price all the way up towards its breakdown area at the 62.36 level. So what do we have going on right now? It's just a kind of a, it's really a sideways consolidation, isn't it? We had that big gap to the upside, or we had a gap to the upside out here. And so price just consolidating with inside that. If we just simply use my rectangular drawing tool out here, not that I'm really that good with drawing. In fact, I basically, I'm horrible at drawing.  But that's basically what Shell is doing. We take a look at its daily timeframe. So keep notice of that. On the weekly basis, a trading with inside its profiles as well. And on the monthly basis here, it did look like it really wanted to break out above that 61.17 level. I mean, we did get one weekly, or one monthly close above that. That was last month of VF, two consecutive closing, Frank, two consecutive closings above 61.17, then the monthly chart would be suggesting that this wants to move higher. So is it a washout bottom? No idea. Was it a solid TD9 count bottom? Absolutely positively it was. And now we just have a consolidation that is going on out here. So I do hope that that helps you out. We've got time. I don't have any other requests. So let's just see what kind of seasonal pattern Shell has. Let's assume that we can access the data here. So let's find out. Well, let's have them take a swig of Delray's finest, which is really not an accurate statement. Here we take a look at Shell. This typically runs higher from that March timeframe. So you're asking, hey, was that a significant bottom? We think that it was certainly a bottom. We got the pattern for that. And then price runs higher. Now it typically runs higher into about the June timeframe. Then it takes a summertime break. This is not, well, this is over, let me make sure I have the correct number of years. That was 25 years. Yeah. How about 38 years? Let's put all the data up there, Stevie. Not much difference out here. Again, a high typically in the June timeframe, and it takes a vacation break. It takes a nice long vacation. That typically lasts through the September to October timeframes out there. So Frank, I hope that helps you out with regard to ticker symbol SHEL. That was Shell. And let me just check the email, see if there's any other requests out here. I don't see any requests inside the Tiger's Den. But let's see if we get lucky. Yeah, we do. We've got, thank you, Nicholas, and thank you, Greg. Nick writes, let's take it Qualcomm, Q-C-O-M. So we're going to just type that symbol in here. And this question is, would you just simply go over it? So we absolutely will. Q-C-O-M trading out inside of, well, it could, so you've got a TD9 Cal bottom that could form today. It will form today. It should form today. It will form today if it closes below 105.77, we're 104.72.  Now, you also could get a Roadsman Dominicator bottom, because right now you've got a bull sash candle. So if we do get that bullish reversal candle, you'll have two. Does it make it a stronger bottom? No, it just makes it a pattern that's got two bottoms out there. And that would then suggest, like if you're an options trader and you found the right option and it was worthwhile, this would, you would expect that this to get up to 106.61. Does it get above that? That I don't know. But does it make that other $2 move very likely? Yes. I've tested it. You can get 90% probability, at least 90% probability of that unfolding. If price gets above that, then the next target becomes that gap that it's in, or that 116, area either 116 or 311680. But Nicholas, that's what you have in the daily timeframe. On the weekly, you know, we don't have, we still have a, we don't, we don't have anything on the weekly. We've got price trading below profile, price trading below its red oscillator and change line price trade into a swing point that had 63 million shares. Last week you moved into it with 40 million shares. So at least you're moving down lower with lighter volume. You have a TD9 count bottom pattern on the monthly. That's being tested as we speak. So I say, go with the daily, Nicholas. Go with the daily. Now, here's the, here's the, here's the concern. And the concern is, Qualcomm's got a nice, you know, set of daily bottom signals out there. So even an A to B equals CD, does it really have three? Let's just check this out here. We're going to break. Let's just draw on the A to B line. What I was going to say, the issue is, has the market topped? Has the market topped? That's really the question that really we're trying to decipher here, Nicholas. And if the market's top, do you want to take a long position in Qualcomm? Steve Rhodes with TFNM, 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? 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 TFNM.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.  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. TFNM.com. Educating investors. Being in the universe is governed by the Fibonacci sequence. 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The only one that's struggling is the Dow, it's up 31 points, S&P is really flat, NASDAQ 28 points upside, the Russell is up 15. We're taking it, just finished off the charts here for Qualcomm. What I suggested as I said, so Nicholas, you definitely have bottom signals here today as we speak and the question becomes, if we are in a market that is going to move lower, will the semis, will Qualcomm, will it move to the upside out there? I don't know the answer to that, I just simply want to put that out there and the reason I put that out there, we kind of briefly touched on it on Friday with John Z inside our targets a new call. We will take a look at the NASDAQ charts out there, but what we also noticed was on a weekly basis that we've got TD9 count inside both the NASDAQ 100 and the NQ, those are the weekly charts on the very right hand panel that you're looking at. Now, what we know about that pattern and you can take a look at the NQ, ran right in that resistance at, where it should have, 13453, the TD9 count breakdown resistance level. Now, we know that on the TD9 count pattern that the high can form in the following bar number nine. It says either the end of this week on Friday, or could happen in the week of course, or on the daily timeframe as well, well there's no TD9 count out there, just the road's meant to be a indicator signal. So we've got a top on the daily, but prices, it's been stubborn though, right? Prices, it's still neutral, at worst case, the signal is neutral because in the NQ price above the top of its resistance, both its profile as well as that oscillator and change line out there. So we take a look at the NDX100, same real setup, it's still also closed above its oscillator and change line, but so this is the reason to pause. We don't have this setup in all the other industries, but then as that can both lead things higher and lower. Now that's a cool thing about the patterns that are present. Why? Because if these highs get taken out and that we wouldn't know about that until not next week, but the week following inside the NQ out there, you know, that will help to set the stage as to how to interpret what the shareholders, what buyers and sellers are communicating to us. But right now, they just suggest a bit of a pause out there. So I just want to make sure that I shared that with you, Nicholas as well. So thanks so much for writing in and have a magical marvelous Monday. Tarpon 2 inside our Tigers Den would like to take a look at Bud. This Bud's for you. Bud is trading right now at about $6106. I could have a little bit of a delay there. Let me just make sure BUD. And so you've got, what do we have? Price is trading below its TD9 count breakout level. Yeah, it's trading at $61 bucks, even Stephen right now. So that's not a real good thing out here. Where's price headed to? It did last week at least hold the top of its weekly profile. Interpreter, that was at $6104. The close was at, oh, $6097. It actually failed just below it. Okay, so we know we got a close below profile on a weekly basis. We don't have any kind of a bottom signal in the daily time frame. Monthly is above profile. It looks to me like what Price here wants to do, Tarpon, is target $59.66 to $59.77. If price moves below that, then the next battle would be at $55.87, $58.92, and $58.26. So those would be the three numbers to look at. So the daily from a volume standpoint, you're at only about 500,000 shares today. On Friday, as an example, this did $1.7 million. So that's a pretty decent volume, a similar type volume to Friday. What else is Bud doing out here? Bud, you've got six, this could be seven consecutive days to the downside for Bud out here. So that says you're due for at least some kind of a little bit of a relief, but I don't see that relief. I take a look at a 30 minute timeframe chart. Let's take a quick peek together. Let's open this up. I hear the bell. And so we've got a Roadsman Dominicator bottom, but it just has been trading sideways, has not been able to do. So I'm gonna summarize Bud like this. I don't see any kind of a bottom. I assume that's why you would be looking at this instrument out there. So I would say, just continue to be patient. Let's go to John and Philly. Hey John, thanks for calling. Thanks for holding. How are you? How was your weekend? Steve, I'm doing very well. Weekend was good. Hope yours was the same. And Steve, you just mentioned on your call, you were speaking about Qualcomm, the semiconductor company. Yeah. And the large NASDAQ 100 names. I wanted to supplement that discussion by asking you about Micron ticker symbol M-U. Yes. I had been prepared a week or two ago to buy it if it broke out over a nest of highs forming at the 65 area. I jumped a gun on that last week on Wednesday and bought it down very close to 60. Anticipating that it would break over 65 before it headed much lower. So that's my current position. Of course, it hasn't proved anything yet, but I ask if you can look at the daily, weekly and monthly for me and tell me what your work show is please. So you've got nice volume today. That's the first thing that I'll start with. This is a 9.3 million shares as we speak. It's moving in as John has pointed out to kind of a cluster of swing points. 65.12, John, is the number that I would use. 65.12 is the weekly TD-9 count breakdown level. Granted, price hasn't gotten up to that area on these last several attempts out here, but that's the number that I would look at. So on a daily timeframe, there's a swing point from April 28th. That volume on that day was 18 million. Again, we're already at nine. So it's got the volume as it pushes up into that. Another swing point at 16 million, we're already at nine. So that's a positive. And then the last swing that I'm looking at is the one from March 29th. Now that has 51 million shares. So that one, we're pushing up into that with some light volume. That high out there is the, whoops, that high is 64.42. So I still go with 65.12 is the real number that if you closed above it on a weekly basis, that would suggest that we've got a change in trend and we've got a further move higher. Now that further move higher, the next price target or the next battle, John, would be a 69.77. That's the top of its monthly profile. Other than that, I don't see it slowing down right now on a 30 minute timeframe. If we pull the 30 minute charts out here, we can see that there's no topping signal. It's above resistance levels. So theoretically, micron should continue to move higher, move higher to where? Well, up towards the swing point on a 30 minute basis that gets us up in that 64-ish area. That ranges from 63.95 to the low to 64.44. So it appears that that is where price is targeted. John, is there anything else that I can provide you or any questions about these charts or anything that I've shared so far? You know, I'm watching along with your presentation. I take a look at that monthly chart. How interesting, the past four or five months, the rally has gone right up to and stalled at your oscillator on change line. I know, I know, I know. It's a, it's a bad- Tell me this, tell me this, in your experience, with this type of pattern? If, if, without guessing ahead of time. But if, in fact, we rally above this 65 area and close above it for a couple of days, maybe a couple of weeks. Does that suggest on the monthly chart that this 65 that I'd just observe as a roof becomes a floor? Yes. Thank you. Absolutely. Yeah, absolutely. It does. Yeah, I mean, you still got that battle at 69.77, you know, but I would say that closing above that 65.12 level is would be a would be a real big positive bullish signal. Thanks so much, Steve. You bet. That was John in Philly. We'll get back for this break to finish out the show. We're going to take away an SBSW for Doji as well as Platinum. Steve Rhodes with TFN, we'll 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 technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFN.com. TFN, 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 TFN.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.  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. TFN.com, educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything, from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFN.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFN.com, Educating Investors. TFN has launched the Tiger's Den, hosted at Discord. TFN 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 tigeresses for just $1 for the year. There's no cash or added costs when you join our community of traders.  We've got a couple of requests out here so we can get to it. The first one is SBSW, that is Cybane Stillwater out here. What we don't see is any kind of a bottom pattern. So it looks to me like what this is gonna go do is target its monthly TD9 count breakout level at 739. I'm not saying it stops there. I'm saying that's where it looks like its next target is. I don't have any kind of a bottom signal out here and last week was just a horrible candle session. Wiped out just a ton. So not much there to look at that, at least as I see it at the moment. Next request was to take a look at Platinum. So let's move over to the Platinum charts here. Give me a moment, we'll pull those up. And we take a look at Platinum. You've got the monthly on the left. You're trading above profile resistance. That's bullish. Weekly. You are trading above a new profile. The new profile this week, are you? Well, hold on a minute here. Where's the top? 10.54, 10.54 even. And we're at 10.74. So that's a positive. So that suggests it wants to move higher. The daily timeframe isn't so sure. You've got a TD9 count top that is held price of below profile. So in order to really get that message that price really does want to move higher and go retest those highs out there, you've got to get back above 10.98.70. And 10.98.70 is where a counter trend rally would end inside of Platinum. So that's what I see there, Doji. I hope that that helps you out. Greg wanted to take a look at Beam. B-E-A-M is the ticker symbol. So let's see if we can pull that chart up. And there we go for Beam. Now this is having one heck of a nice day out here. And you've got an A to B equals CD pattern. No bearish reversal candle. If you did get a bearish reversal candle, you would have a sell the D point pattern. We are trading above the top of its weekly profile. It's like breaking out above that. So it says longer term 48.38 is where it wants to go set its sights. It's got a rosement of indicator bottom. The monthly chart, your next level of resistance is at the top of its profile. And that's at 40.39. Let me just make sure that that's it. Yeah, 40.39 is your number. So that is likely where price heads to. If we take a look at that WFC, this is for Mimi. This will let us get to all of them. She's looking for an entry point into Wells Fargo. WFC again is the ticker symbol. Let's see if we get those charts up on our screen. Yeah, we might not pull that off here, Mimi. I'm trying, trying Wells Fargo. Well, the entry point was at 3706. Mimi will get to this tomorrow. Folks, stay tuned for all the great programming. I'll see you on terrific Tuesday. Have a magical Monday, folks.


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is still a few. We'll talk about it. So, I assume that you're using something like ES6 or something like that, right? Okay, you use transpilers. Okay, how many of you just write JavaScript without transpilers? Okay. And you still enjoy it? It's hard to enjoy JavaScript. No, I tried it, seriously, but no. That doesn't work. Okay. So, my name is Vagmi. I am heading a small consulting company called Tarka Labs. We do web and mobile development. So I have, I mean, I write a lot of JavaScript. And I've been using ES6 a lot these days. Before that, I did a little bit of coffee script. I mean, anything that would not let me write JavaScript but still write JavaScript, I would take that actually. So, my journey into functional programming languages came through Lisp, actually. So I started off with Scheme very early on. And then I did Common Lisp. And then I discovered Clojure and so on and so forth. And finally I discovered that, you know what, even if you have to write JavaScript, you don't have to write JavaScript, actually. So thanks to transpilers and so on and so forth. So my journey with functional programming properly started with, I would say Clojure and Clojure script, actually. Now, the thing that I liked really about Clojure and Clojure script is that it was on the JVM. I mean, I was a Java programmer. So all the libraries were just interop away or they had excellent wrappers over everything. And they also had Clojure script after a while. And the best thing that ever happened to Clojure script was David Nolan, actually. So he created Ohm. And I think this, Bodil had given a talk called Developing for the Browser in the Post FRP World, as if there was some sort of an apocalyptic thing. But that is very true because after Ohm came in, it kind of gave this perspective of how you could use functional programming and immutable data structures and still have very, I mean, very well-reasoned user interface. And from that point on, I started discovering more languages like that. I actually had a brief sojourn with Elm as well. And then Elm is very nice. But at the same time, Elm is, what do you say? I mean, it's still evolving. And it is very opinionated on the kind of things that you can do with that type system and so on and so forth. It is pretty nice. But, and then I discovered pure script, which is far more stricter, far more, what do you say, elegant form of functional, strongly type functional programming language targeting the browser. So usually as programmers, the first thing you do when you do that is you write hello world, right? Or hello pure script. Now the trouble with writing hello world in languages like Haskell.


is the unveiling of the new assembly building. The chief minister of Jharkhand, Raghubar Das along with the prime minister there.


Good morning, welcome to CMC Markets on Friday the 4th of August and this quick look at the week ahead with me, Michael Houston and after a fairly decent July for equity markets, August was got off to a fairly lackluster beginning. We've seen significant declines across the board for markets, European markets underwent another negative session yesterday. The sell-off that started at the start of the week has started to gain a little bit of momentum. The Dax fell for the fourth day in a row yesterday, having hit record highs earlier this week and the C100 finished lower for the third straight session, although it was notable that we closed well off the lows of the day. What does it mean for markets going forward? Well, ultimately, I don't think really much has changed. What has been notable, I think, which has been slightly different with respect to the sell-off in equity markets that we've seen is how bond markets have performed over the course of the past few days and this has been notable in terms of the U.S. 10-year yield relative to the U.S. 2-year yield, U.S. 10-year yield, which is the white line here, has shot up quite significantly and moved above the highs of this year, whereas the 2-year has essentially stayed fairly benign, fairly flat. What we have seen is a bit of a steepening of the yield curve from the lows that we saw at the beginning of July, which might suggest that markets are pricing in a greater risk of recession. For me, I would suggest it just simply means that markets are pricing in the likelihood that rates are likely to stay higher for longer, as long-term rates start to move higher relative to short-term rates. Short-term rates really haven't moved that much relative to long-term rates, and that suggests to me that rate cuts are slowly being priced further and further out into 2024 and even perhaps into 2025. There's certainly been the narrative that we've heard from central bankers over the course of the past few days. Starting with the Federal Reserve and the ECB last week, the Bank of England yesterday, I think it was really notable that UK 2-year yields, which are here, 2-year yield, didn't really move that much. Yes, they did spike lower. If we change this to a candle chart, we can see that there. If we just turn that to a six-month chart, that'll give you a slightly better idea. But there is fairly decent support in and around these sorts of low points of around about 4.8%. I think one of the things that I have taken away from the central bank meetings over the course of the past few days is that we are very close to a pause and perhaps to a peak, not necessarily in that order. The Bank of England yesterday raised rates by 25 basis points. There was a three-way split, two people asking for 50. A 50 basis point hike, Jonathan Haskell and Catherine Mann. Swati Dingra, who's now the solitary dove on the NPC, voted for no change. From current levels, she's been in the no change camp since I think rates were around 3%. I think that really tells you something about the diversity of views on the NPC. A new NPC member, Megan Green, who replaced Sylvana Tynrero and voted for a 25-base point rate hike. Begging the question, was to whether or not we're at peak rate for the Bank of England. Certainly, I think the comments from Deputy Governor Ben Broadbent, if you've been listening to the press conference, would appear to suggest that we're probably at the top right now. Now, markets are pricing in the likelihood of another 25 basis points in September. Economists think that we'll probably see another 50 to 75 on top of the 5.25 that we have now. I remain deeply skeptical about that. We've got another two inflation reports to come between now and the September meeting, as well as two more jobs reports. I think there's plenty of evidence that inflation will continue to come down all by itself, particularly if you look at PPI measures pretty much across the globe. You look at European PPI, you look at China, Chinese PPI and CPI, which is coming up this coming week. That's going to be a very key bellwether for future inflation trends. Now, obviously, there are concerns that inflation pressures may start to reassert themselves. If you think about what we've got coming up this week, we've got China trade for July, we've got US CPI for July, we've got UK second quarter GDP. They're the three key macro announcements for the upcoming week. Obviously, that's what I'm going to be focusing on. Today, obviously, also looking at how markets have performed and as to whether or not we're going to see further declines from where we are now. What I would say is that on the DAX, we've seen a fairly decent reversal here off those new record highs, but we saw a similar type of reversal back in early late June, where we saw one, two, three or five successive down days, saw a little bit of a base, four here again, a little bit of a base. We've seen three today or three this week. We could see further declines, but overall, even though we've seen some significant negativity this week, we haven't really broken out of the ranges that we've been in pretty much for the best part of the last three months. I think until we break below the lows that we saw back in early July, I think we've pretty much got more of the same. Obviously, as I said in my previous comments about bond yields, particularly US 10-year, there is concern about bond issuance over supply that's driving the long end up. There's a bond auction next week in the US where we could get $103 billion of new issuance, and that is obviously, I think, driving prices down and pushing yields up. That is a concern and obviously, I think, a direct symptom of the aftermath of the debt ceiling agreement that we saw earlier in the quarter. Obviously, we've seen the Fitch ratings downgrade of the US from AAA to AA+, just as a reminder, S&P did that 13 years ago. Some of the some of the reasonings or the reasons by Fitch for downgrading the US while ultimately credible, and they make an awful lot of sense for about 13 years too late.  We've had debt ceiling discussions and then agreements coming out of our ears for the last 10 years. I don't really see much difference in terms of the problems facing the US, apart from the fact that the next president of the United States is likely to be an old-age pensioner. Neither of them are particularly good quality, but we are where we are with respect to that. In fact, the political situation, not just in the US, but in Europe and the UK as a whole, points to a very low caliber of political leadership with a preference for sound bites over substance, but so it's not just the problem unique to the US, but ultimately, if you do have concerns about the US, you've got to ask yourself, where else would you put your money? And to my mind, there aren't any standout candidates. So as someone once said, the US is the cleanest grubby shirt or dirty shirt, and that will continue to be the case. So for me, an awful lot of it is background noise. Looking at the markets at the moment, we haven't really seen that much of a change in the overall trend of the last few months. Similarly with the FTSE 100, at the beginning of July, we tested 7200, found a bit of a base, have rebounded since then, but we're still below this trend line from the peaks back in February this year. And obviously, that is a concern for me. I think of all the major indices, the fact that we've been trending lower on the FTSE 100, the concern is that's a leading indicator of wider potential declines in equity markets more broadly. We want to see a little bit of a move higher. This is a little bit encouraging because ultimately, while we did push lower quite significantly, we weren't able to sustain that downward momentum. And we're currently flat on the day around about 7500, but that does appear to suggest the length of that lower candle there, or that wick, that suggests that people still want to buy stocks, and they still don't want to be aggressively short as we head into the silly season of the summer lull here in August. If we look at the S&P 500, we're still very much in the uptrend that we've been in pretty much since March, the March lows, drawn a few lines on this. We've got the 50 day moving average as well as acting as a fairly decent support area. Got the lows here in July, so we're still above the July lows. And it's a similar sort of story for the NASDAQ 100. So I think when all is said and done, and all the negativity that we've seen this week, and the earnings out of the US, we've seen a mixed set of results from Apple and Amazon. Amazon posted some very strong numbers. Apple was weaker than expected, third quarterly decline in revenues, and the likelihood is we could see a fourth decline. There was some fairly downbeat guidance from Apple CFO Luka Mestri, who suggested Q4 was likely to be as challenging as the three previous quarters. And what was notable was that Apple reported a significant inventory buildup in its Q3 numbers, which probably isn't too much of a surprise given the fact that September tends to augur in a whole host of new product launches. So why would you buy a new iPhone if there's a new one coming out just around the corner? So you've got that, the NASDAQ 100, still in an uptrend. But there is a concern here that we are starting to form a little bit of a top. You've got this high here, and you've got this lower high here. You've got a little bit of a roll over starting to happen. Keep an eye on the 50-day moving average on the NASDAQ. Keep an eye on that July low there, 10th of July low, 14,900 as well. Because if that breaks, then we could see a little bit of a correction back to this trend line from the lows back at the start of the year. So those are the major indices. We've got non-farm payrolls coming up later. Not really expecting too much of volatility around those numbers. 200,000 is the expectation earlier this week. We saw another very strong ADP jobs report, 324,000 for July, following up the 497,000 that we saw in June. So we can see the US labor market remains reasonably tight. The ISM services report also pointed to a fairly strong services sector, also pointed to prices paid, edged higher in July. That could have consequences for next week's CPI report, which is due on the 10th of August. As I said in my comments a few minutes ago, we've fallen from a peak of 9.1% in June last year. We slowed to 3% in June last month, and it's been pretty much one-way traffic. Now we're starting to see services price inflation start to tick higher again. A large part of that could be as a consequence of the rise in oil prices that we've seen over the past few weeks. We're on course for the fifth successive weekly rise. Saudi Arabia has announced that it's going to extend its production cuts into September. So that could well underpin crude oil further. We can see that with respect to how prices have behaved in this chart here. Let me just pull Brent crude across from here. There we go. So Brent crude prices back towards the levels that we saw back in early April. I do not like that font. I don't know why the fonts have suddenly done that. So let me just change that to that. Actually, I might make that. I might make that bold thinking about it. The axis, there we go. And we can see that better. So we're finding we could find a little bit of a top around about $87 a barrel. And I think obviously further gains on crude oil prices could be dictated by the China trade numbers which are due out in the coming week. They are due on the 8th, Tuesday morning of the 8th of July. They've been fairly weak these past few months. The trade numbers we've seen exports declined by 12.4% from a year ago in June. They missed expectations by a large margin, biggest decline since 2020, while imports also declined more than expected by minus 6.8%. On the more positive side, expectations are stronger stimulus by Chinese authorities have been increasing over the past few days, but so far haven't come to an awful lot. And I think the big concern here is that all of these promises of future stimulus, unless they actually amount to something, we could see markets start to be concerned about the fact that maybe the room that Chinese authorities have for the stimulus could be more limited than they're letting on. Certainly, I think on the inflation numbers, inflation isn't a problem in China. In fact, in the CPI and PPI numbers out which are due out the next week, we could well be sliding into deflation in China for July when those numbers are released next week as well. Expecting a decline in headline CPI of 0.5%, while PPI is expected to slip even further into deflationary territory. It was already minus 5.4% in June, could well slip to minus 6.8% in July. And as everybody knows, or he's been a regular listener, Chinese deflation tends to get exported in the same way as its inflation problems do. We're already seeing it in Europe, significant deflation reimpulse in PPI, which at some point, well, it's already starting to manifest itself in the headline CPI numbers. And I think for that reason alone, I think that's why we could well be at or near to the peak when it comes to further rate hikes from central banks. They just can't admit it yet simply because they don't have visibility on the data. But if you twist my arm at the most, I think we'll get a pause from the Fed in September. We could get a pause from the ECB, they're certainly leaning in that direction. And for all the hawkishness or hawkish expectations around the Bank of England, I think we're pretty much at peak Bank of England as well, give or take 25 basis points. I don't think there's much left in the tank when it comes to Bank of England rate hikes thus far. Though I know many who will disagree with that summation, so it sort of makes it a little bit of an outlier view. But that's my instinct, that's my feeling. And it's generally served me fairly well over the course of the past 30 odd years. We've got second quarter GDP out of the UK due this week. And again, I think that's one other reason why I think that it's going to be very, very difficult for the Bank of England to hike rates further. Second quarter GDP numbers, which are due out on the 11th are likely to point to a continued lackluster stagnant UK economy. We eked out 0.1% growth in the first quarter of this year. This week's Q2 numbers ought to show some improvement, even if markets aren't pricing in an improvement in some of the expectations on my Bloomberg terminal. But I would expect to see something in the region 0.1 or 0.2. Economic activity has managed to hold up much better than expected despite inflation, which has weighed on demand, especially on more discretionary areas of the economy. PMIs have held up reasonably well. Retail sales have been positive every month during Q2, rising by 0.5, 0.1, and 0.7% respectively for April, May and June. Consumer spending has also been helped by lower fuel pump prices, and with unemployment levels still at relatively low levels and wage growth currently above 7%, I think the Q2 GDP numbers could be as good as it gets for a while because Q3 is likely to be much more challenging, particularly with rates now at the highest levels for over 15 years and more and more fixed-rate mortgages set to get refinanced in the coming weeks and months. On the earnings front, I don't know why I closed that window just then, here we go, we've got a little bit of a slowdown in the place of earnings. Obviously, I talked about Apple and Amazon and numbers earlier this week. We've got Disney coming out, we've got Rivian, Rivian's won a host of new orders over the course of the past few weeks, which has seen its share price rise quite significantly from those lows that we saw back in April, some big, big gains there. Their next quarterly numbers are likely to be very important in the context of whether or not they can signal further progress through $28 and back towards the levels they were at the end of last year. We've got Disney, Disney Plus subscriptions actually fell on the previous quarter. There is fairly decent support for Disney's share price in and around $84, so I think this week's Q3 numbers are going to be very consequential when it comes to whether or not they can see a pickup. They certainly brought out a number of new releases on the Disney Plus streaming platform, Avatar the Way of Water, Guardians of the Galaxy, Volume 3, which I watched the other night and which was, it was okay, wasn't great but it wasn't bad either. So I'd be interested to see whether or not they reverse the decline in subscriber growth that they've been seeing over the past few quarters. Got AMC, Cinema Chain, AMC Entertainment, obviously it's summer blockbuster season. We've seen a host of new releases come out over the course of the past few weeks, Indiana Jones and The Dial of Destiny, obviously Guardians of the Galaxy, Volume 3, we've seen Barbie, we've seen Oppenheimer all come out in the cinemas as well, so it'll be interesting to see whether or not AMC sees a significant pickup which helps to drive its share price back above $6. And obviously we've also got the numbers from UK delivery company Deliveroo, whether they can now they finally started to gain upward traction on the share price where they can continue to make the gains off those lows that we saw all the way back in February of this year. So and we've also got Paramount Global's Q2 numbers, obviously that's another streaming story, Paramount Plus and their subscriber numbers. We've seen good numbers from Netflix. Amazon posted as very decent prime video growth numbers as well in there. Their numbers are released earlier this week. So it's certainly an area of the economy which does rely on an awful lot of discretionary spend. They'll be interested to see whether or not that holds up over the course of the next few weeks and months. Okay, so I think that's it for this week, ladies and gentlemen. Once again, thank you very much for your company. Speak to you all again, same time, same place next week. In the meantime, hope you all have a great weekend and see you all later. Thanks for listening.