The following is a presentation of TFNN. The Traders Edge with Steve Rhodes. Oh, toll free at 1-877-927-6648. Or internationally at<PHONE_NUMBER>. The Traders Edge. Now, Steve Rhodes. Good morning, folks. Welcome to the April 9th. The terrific Tuesday 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 circumstances that life is going to toss at us. Now, today you and I were going to go check out the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I want you to know I'm absolutely grateful for your presence here, but even more important than that. And that's Traders Next 53 Minutes. I'm here to serve you. So feel free to pick up that phone. I'd love to hear from you at<PHONE_NUMBER>. If you've got a question, but you can't go in, we've got you covered. You can always send me an email. Send that off to Steve at tfn.com inside the subject, hitting police put radio show question. Of course, if you're inside the Tiger's Den, well, then any and every ping will do. So let's go ahead and get this show started on terrific Tuesday. Of course, this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to the show. We start our day with a sea of red. All the sectors inside the S&P 500 are trading down side with the exceptions being the utilities of eight pennies and the Russell and the real estate sector. XLR is up 15 cents. Otherwise, everything is trading to the downside.  Trendy's down 53. We've got gold trading up 14 bucks. Silver's up 16 pennies. Light's recruit us off 88 cents. Natural gas up four pennies trying to take out resistance. 30-year treasury up 25 ticks printed out at 117, 29. Now our leader in the clubhouse to the upside is restoration hardware. $9 in change, about 3% move. Moderna's up $9 or 8% plus. Thermo Fisher 9 bucks, 1.5% insulate corporation, 7 bucks, 4% and Paloal Networks up 2.5%. That's a $6 move. Micro strategies leading the charge to the downside up 112 points, 7.5% super micro, 36.4%. Destiny Technology 100. Not having a good day. Now 36%. Decker's Outdoor is off 3% or 32 bucks. Nvidia down 30. Nvidia is in bar. Now it's going to form a bar. It's going to form a TD9 out bottom between today and tomorrow out there. It's down 30 buckaroonies out there. So let's go figure out what all that means by taking a look. Let's just go look at what our nine-panel chart is telling us. I didn't get a chance to get to that. It wasn't able to get logged in to do the 11 a.m. update. So let's go ahead and do that out here. If we take a look at the ESMini, it gives us the picture of what's transpired so far today. Nothing more than just a test of support. Test of support is that new profile that you and I were looking at yesterday. That did take place. It did shift the bottom. I can't remember whether it was the white background chart to the black background chart, but we're in sync right now. So the key level of support to be watching here is at $52.19. It's $52.20. It says $52.19. The price holds that level. All that we're seeing take place is just a consolidation in between its profile levels. Granted, it does have a roachment indicator top. And it closed below the bottom of its profile. That, especially to close below the bottom of its profile, that $52.19 level would suggest at least a daily change in trend. And that's a possibility, but it's not here as we speak at 11.10 in the morning. But look at the NQ. The NQ is completing a TD9 count bottom. That's right. It has confirmed that pattern yesterday. The bar after bar number nine is what's in place right now. And so we've got a TD9 count bottom. What price has done today is done nothing more than pull back to test profile support. That's where the buyers are located. 18.163. I have no idea whether these buyers can fend off the sellers or not. It would be easier if the spot follow 10x, which is the one panel in the center, was not above its 50-day exponential moving average. But it is. And so it says caution is definitely advised out there. If we take a look at the US dollar index, it is also consolidating with inside its daily profile between about 103.85 and 104.34. Goldilocks, 23.72.50. That's the number to be paying attention to. Why? Because yesterday, gold completed a TD9 count top. A close above 23.72.50, which I think is a likely outcome, will negate that signal and suggest that gold moves higher. However, we got to respect until it does. It's got a TD9 count top. In the case of Silver, I believe today is bar number eight of a TD9 count top, says that this could complete that pattern by Thursday of this week. It also has an A to B equals CD pattern. The A to B equals CD pattern suggests that this should target 29.26 as its next stop. Why? Because that move off of that C point, which was only a 40% retracement, versus stronger, it's on the left-hand side, and it was a shallow retracement. So odds favor a move higher. However, a bearish reversal candle would say, hey, we've got a short-term timeout. So you want to watch for that. In the case of LightsWeed Crude, LightsWeed Crude has a TD9 count top. It would be negated with a close above 87.63. What it's doing, much like the ESMini, much like the NQ, much like many things, trade in between support and resistance. Support of its daily profile, and that's in the zone of 84.09 to 84.80, resistance being 87.63. And natural gas, it's trying. It's trying to do everything that it can. But what it really needs to do, and right now it's trading above the top of its daily profile, we've got a road cement indicator bottom. In order to really prove itself to us, we need to see a close, two closes above the top of that profile. So the first level of resistance is going to be 1.879. If we get a close above that, it has promise for a rally, a rally that I would think would last into the mid-July, a June timeframe out there. But that's a different side of the picture. We don't need that side right now. What I've identified is that Barris Shooting Star candle that's got resistance at 1.906. So if natural gas is really going to rally, we need to see a close above 1.906. If we get that, then we're going to see a further move higher out there. And finally, if we take a look at the 30-year treasury, yesterday it got down to that one-to-one price projection with a little doji candle. So any close higher today is going to generate a bullish and golfing candle. And that's going to be a by-the-de-point pattern. Now, resistance inside of the 30-year treasury is up at 1.1822 to 1.1914. The reason that I gave you those values there is because it was a bullish-structured profile. We closed below a bullish-structured profile for more than two consecutive sessions that it really is the center of that profile where counter-trend moves would run out of steam. That says any close above 1.1914 should send price up to the top of its daily profile, 1.2020. That's not what it's dealing with today. What it's dealing with today, it's likely going to generate a bottom pattern. And that should take price up into the 1.1822 to 1.1914 level. So that covers the general overview of the markets. Let's try to get a little bit more specific here. To do that, let's switch over. It's only Tuesday, but let's go take a look at the daily equity future, daily and weekly equity future contracts together out here because they provide us with some important information perhaps. So we know inside the ESMini daily timeframe, we know price is testing the support level. We've already taken care of that. What concerns me, if you will, the most would be the weekly timeframe chart. And what I mean by that, it's only Tuesday, so it's not much of a concern just yet. However, what we can see is price is beginning to lose its momentum. Since we've come off of the October 26th low, and really this is a weekly timeframe chart, so it was really the week that ended November 10th out there, we have seen price stay above its green oscillator and change line. That tells them a strong bullish momentum. Well, if we close below it this week, that would be signaling to you and I if price moved back to the 5095 level. It's only Tuesday. But this is something to be paying attention to. Steve Rhodes with TFNM, we'll be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities & 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 & 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.com. TFNN Educating Investors. 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All first-time subscribers receive a 30-day money-back guarantee. So ignore the pop trading influencers and start learning time-tested technical analysis. 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. Live programming hosted by a variety of professional traders during market hours, 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. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Welcome back, folks. I've flipped the charts over to the 120-minute timeframe charts for the equity futures. The reason I've done that is because these are the charts that are really providing us with the best information. So let me give you a run-through of these. If we take a look at the ESMini start here, we can see that it's TD9 Count Top, which formed on Friday. So this formed at 2 p.m. on Friday out here. That has really acted as a key level of resistance. So the key area to be watching here for upside movement would be a close above 5272.50. We can see that as we came into the 10 o'clock hour out here, price was testing that level. It was also testing the top of its profile. That's also at 5272.50. That is a very key level out here. Even if this profile goes away, 5272.50 is your key line of demarcation for the ESMini. That's the price to most certainly be selling from, and that's also the price where price close above it says we had higher. Now price had pulled back as we take a look at in the daily type frame, price was pulling back testing the bottom of that daily profile. You like to see some type of bottom signal on an intraday chart to let us know if that support level is likely to hold or not. Well, just on the 120-minute chart, we're not going to base all those decisions on a two-hour chart out here, but when we do take a look at the two-hour chart, price pushed back and tested the bottom of its daily profile where it found support. I would say that 5195.50 is another key area of support, but certainly 52110 is as well. So that's really our trading range, and it seems like we are stuck in at this moment in time. 52110 to 5272. If we take a look at the NQ, it also at 2 o'clock in the afternoon last Friday, formed a TD9 count top. Now it did that as price was testing the bottom of that current profile, which remains in effect right now, but still the key level to be watching that TD9 count top on a two-hour basis is up at 18408.25. On the pullback out here, all that we've seen, which is important because this candle here is going to close at 12 noon. So in about 40 minutes out there, price closed below that 100 change on at 18293. That would be the first time that we've seen that since last Friday afternoon, and that could be telling us to move back to 1805.150, or it may be worse. The last chart for the 120-minute time frame that we are going to pay attention to is going to be the Dow, the YM. Also at 2 p.m., forming a TD9 count top last Friday. Now the pullback that we saw inside the Dow, so far has been nothing more than a test of its breakout level of support for the two-hour time frame. So 38886 is the key number to be watching there. The reason we're not paying attention to the Russell 2000 because I don't have any ballad top or bottom for this two-hour time frame. I do see a bottom in this out there, but we're not going to really pay attention to that. I'd be paying attention to the ES, the NQ, and the Dow, at least for its two-hour time frame for some good signal information out there. So I hope that that helps you out. Let's do this here. Let's get into some of the requests that have come in. Just a few, so I'd love to hear from you as well. So don't hold off. You can always send an email, Steve, at tfnet.com inside that subject. Please put radio show question. So the first request that came in was from Mohammed. Now this is from yesterday. It came in late, so please get those requests in early. We can't control what our internet service providers and how they send information and when they get them, so the earlier you send them, the easier it might be for me to receive that. But it's AMD that Mohammed is interested in. Mohammed, I apologize. I don't recall what the question was. I just wrote down to make sure I looked at AMD this morning. But let me give you the run-through of what may be taking place here. First, there's a B point that we want to be paying attention to, which is the trading day of March 25th. The volume on that was 71 million shares. The reason we're paying attention to it is because that level was passed on April the 4th with 88 million shares. So 88 took out a swing point with 71. That says that this has a confirmed A to B equal CD pattern to the downside. So at top, by the way, with the Rogement and Mindicator top, now it appears now it has turned into an A to B equal CD to the downside. Let's do the price projection measurement using that tool out there. And that says that we get down before its breakout level support, maybe in the 133 and change level out there. Whoops. But what I want to make sure that we take a look at is support is also exist at 140, 15. So not until a new profile forms out there, will any other level of support be something that I take a look at 140, 15 being that number? So you got an A to B equal CD to the downside on the daily type frame. Let's look at the weekly. The weekly shows that prices trading with inside its bullish structured profile. So the daily says pay attention to 140 and below 140. The weekly says don't have to worry about that. You've got to plow through 159, 33 first. So the buy zone on a weekly timeframe is between 159, 33 and 164, 45. So Muhammad, you've got to really put together the weekly information along with the daily information. Yes, there's a confirmed A to B equal CD to the downside, but we can't ignore other patterns or other levels of support that are present on the charts. For example, on the monthly timeframe, the only level of support that I have is at 150. So again, price would have to take out that 159, 33 level. So let's make the call like this. AMD is suggesting that it wants lower price. That lower price may find support between 159, 33 and 164, 45. If it doesn't, that tells us that price is likely headed to 150 and change. And below that 140, 15 would be the move to the downside. So that's what I see when I take a look at AMD. Muhammad, thanks for waiting a day on that one. And I hope that provided you with the information you were looking for. Ray and Sarasota has a request for two instruments. The first one being HRTX. So let's pull that up on our screen. And HRTX, as we can see right now, is consolidating with inside its daily profile. So the support level is down between 258 and 269. It is a slightly bullish structured profile. And resistance out here, Ray, is at 286. I believe that's what you were looking for was support and resistance out there. What else do I see on these charts? On the daily timeframe, not much. On the weekly timeframe, a ton. The ton is a TD9 count top. Now that confirmed or completed three weeks ago. And so far, all that has led to, and it was really last week, was a test of two levels of support. The first level being the top of the profile, 264. The second level being the oscillator and change line. And that was, I don't know what the price was, it was less than 264. But nonetheless, as we speak right now in a weekly timeframe, Heron Therapeutics is in a neutral mode. Yes, it has a TD9 count top, but also price tested and rejected support. And therefore the weekly goes to neutral. But price above the profile level, price above a green oscillator and change line, that says it wants to rally further. If it's going to rally further, the key level that price needs to get through on the daily timeframe is going to be $2.86. If you get two consecutive closes above that, that says a further rally. The monthly timeframe shows that price is trading with inside its profile. Its resistance level out here on a monthly timeframe is 294. So 294, even if we can, even if we can get above 286, really needs to be 294. Ray that you want to continue to see Heron Therapeutics trade above to suggest that it wants to get back to its highs out there. So I hope that helps you out. You also want to take a look at Pan American Silver, P-W-A-S out there. So let's take a look at its charts and see what it's communicating. Today is going to become bar number nine of a TD9 count. So Ray, what that tells us is that we could or should see a top between today and tomorrow. At least the daily timeframe is suggesting that. Now its price target to the downside would be the oscillator and change line. The oscillator and change line at the moment is printing out at 1657. The weekly chart is trying to take out a TD9 count breakdown resistance level in 1864. Air price closes below this level at Friday, on Friday out there. Likely the TD9 count top has taken place and that would then suggest to move back towards that 1657 area. So Ray, I hope that helps you out with regard to P-W-A-S. We come back to this break. We're going to go out to Martinez, California and speak with Brent about VFC. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. 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TFNN Educating Investors This portion of the trader's edge is brought to you by Direction's daily leveraged and inverse ETFs.  Visit Direction.com Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio. They are not designed to track the underlying index or security for more than a day before investing. Carefully consider a fund's investment objective, risk, charges and expenses contained in the prospectus available at Direction.com. Read carefully. Distributor, Four Side Fund Services, LLC. Welcome back, folks. Still all US indices trading in the downside. We're going to take a look at VF Corp with Brent in Martinez, California. Hey, Brent, thanks for calling and thanks for holding. How are you today? Oh, I'm doing great, Stephen. How are you? Excellent. Thanks so much for asking. So, VF Corp, what are you doing here and how can I best help you? I guess the one question I really wanted to pose to you is I don't have a position. I've been watching this like I typically do. I just, uh, we have that low that was put in back in November at 1285. Yes. And then I was looking at the chart on the weekly. I definitely see it. It's a little hard to see on my daily chart, but, uh, it was coming into that area now. It didn't hit the bottom, it got into that candle with higher volume. So I wasn't sure how you approached that or what your thoughts are on the fact that it was doing that. I know it didn't hit the bottom, but how would you, uh, you know, approach it? Sure. So great question. Here's how I would approach it. I first went back to the daily timeframe. I didn't know what question we were going to ask, but I could see that it was moving lower. And, um, the daily timeframe, Brent, actually has a confirmed A to B equal CD pattern to the downside. So with that, I start with the swing point high on December the 14th. The swing point low that I'm using is from February 7th. That rate, a rally, about a three day rally, nice rally into a high in February 12th. So the B point of that A to B equal CD pattern, again, from February 7th did volume of 29 million shares. It was passed with 80 million shares. And that was on the trading day of February the third, eight million shares. I thought it was 80. Hold on. 10 million. Oh, maybe Stevie misread something. Eight million. I did. Okay. Uh, that poses a different question now. Okay. So I, sorry about that. My, I, I stayed up too late to watch that basketball game. So, uh, that was easier. So, so you've still got an A to B equal CD pattern. Although I would say it's not confirmed with volume to the downside, but we are trading below that swing point. We're also trading below a new profile that is forming today. And as long as price remains below, I would say 14.04. The bottom that profile is 13.04 out there. This is telling us that it wants lower price out there. Um, on a weekly timeframe, prices below profile support and close below its red oscillator and change line last week and remains below it this week. That tells me that price should go target that 12 85 level. So the 12 85 weekly swing point had volume of 38 million shares. This Brent was saying last week it closed inside that with 105 million shares. Ordinarily, when you move into a swing point with volume, it increases the odds. It's not a guarantee, but it certainly increases the odds that price would go target the low of that swing point. So I would say we're below the, uh, uh, bullish structured monthly profile and we're below last month's low. Everything to me is pointing at lower price out there. And so I think that means, uh, you'll be able to reevaluate what you want to do with this instrument as price gets down to 12 85. But so far everything that I'm looking at is suggesting that that's what it wants to do is, uh, is priced at lower. Now a price we're able to get back above 14.04 that the center of its bullish structured profile, then I would say at least we would get a rally up to the 14 85 level. No idea whether it could take that out. It's not the condition we're dealing with right now, but it is one that has some potential out there. You could see a rally today. Um, not that I necessarily see any signals of that at the moment, but that's, so that's what I see, Brett. Now, did that answer your question or did that pose another question? No, that's my thinking. I'm going to, you know, again, just be patient and see if it's in my mind, it should go down and test that level. I would think it would. And if it doesn't, that's okay. And I'm looking at your charts. I mean, even to the monthly, I haven't really gone back on something even further back. I don't know if this is like as low as it's ever been.  There's something back even further. But yeah, I mean, looking at what you have here, that's pretty much the low that it's ever had. So. Yeah. So actually it goes back to, uh, looks like this was an IPO that it came about in April of 2009. It was May of 2009 when it actually hit its all time low, if you will, Brent. And that's at 1249. So I've got 1249. And what are we taking a look at here? We're just talking about 1285. 1285. So it could get. So that 1249 is still out there as a possibility. But you know, you'll have that piece of information assuming that price test at 1285 level out there, which every, every chart we look at here is indicated that that's a like the outcome. Now look, it's not going to do that in one fell swoop. It's going to have, you know, it's like, it's like any market. It goes down for three or four days and up for a couple of days and down for three or four days. But it does look like that's what it's after is that that swing low at 1285. Okay. Yeah, that was it. Steve, I appreciate you taking a look at it for me and I hope you have a great day. You too. And Brent, I also put just on the weekly chart, you had mentioned the weekly, I put a little trend line out there that everybody can see. I would say it requires to close above that trend line and tell us that, okay, the trend has been broken. But that's, that's a ways off from now. So Brent, always good to speak to you and thanks much for the call. And I'll look forward to the next call. All right. Take care, Steve. You bet. That was Brent in Martinez, California ticker symbol there is VFC. We covered Pan American Silver. Our next request comes in from Allen and Allen is looking for a low risk entry into Merck. MRK is the ticker symbol out there. No low risk entry. I'll do the best that I can. So we take a look at Merck. This thing really gap to the upside back on the trading day of March the 27th. I mean, that was a huge wide ranging bar out there. A gap to me is also a wide range of bar. You just filled in versus where the prior bars closed was that out there. And the volume on that session was 16 million shares. The day that it closed below the oscillator and changed that was 6 million shares back on April 4th. That was suggesting that price wanted to seek out another area of support. And that's what it's done this morning. That level of support is at 125 47. Yesterday, the retracement was back with 6 million shares. Again, that's going into a breakout with 16 million shares. And it has closed that gap and it's at the top of the profile. So if you really have a hankering to get into Merck, which it sounds like you do, and you're looking for a low risk entry, now could actually be that point. And then what you would do is you would close it out. If you saw it closed below 125 47, because it would be telling us, well, maybe it's going to get to 124 20, 122 92, even 123 38. But more importantly would tell you that a key level support did not hold. Now, if that's going to be a potential area for you to consider taking a long trade, and then we would see bottoming signals on intraday time period. So let's start with the 30 minute time frame chart and see what we have out here. And we have a roadsman to indicator pattern that confirmed at 10 30. So just a few minutes ago and now prices trading with inside its profile. I would nearly I would say a close of 128, I'm sorry, 126 49 to consecutive closes would suggest that this thing wants to rally towards 129. I can't say that. Why? We did have two consecutive closes above that. And in that fail. So now prices pulled back, but you at least need to clear the 126 49 level out there. See roads with TF and then we'll finish take look at Merck as soon as we get back from the spring. 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Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio. They are not designed to track the underlying index or security for more than a day before investing carefully consider funds investment objective, risk, charges and expenses contained in the prospectus available at Direction.com. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back folks. So we take a look at Merck out here. What we know about Merck is that on the daily timeframe price is pulled back and tested the top of his profile, a potential level of support, maybe an area where a bottom could take place. We looked at the 30-minute timeframe chart. It showed a bottom pattern as does the 130-minute timeframe chart. It's got a TD-9 count. You're looking for a low-risk entry. Well, I would say now is it, why? Because a price closing below the TD-9 count bottom, which is $125.88, it has to do it on a 130-minute timeframe, the last bar close to $11.40. This next bar will close at $13.50, $1.50 in the afternoon. If price is trading below that TD-9 count bottom, it would also likely be below the bottom of this new profile out there and would suggest to move back to $123.77. But the reason that you would have gotten into the trade will have been gone. And so you would go ahead and exit the trade that way. So that's the best low-risk trade right now that I can find for you in ticker symbol MRK. So I hope that helps you out, Alan, and best of luck to you, whatever decision you make. Peak G inside the Tiger's Den would like to take a look at Bitcoin. Now, I don't know if it's the April or the May contract. That's the active contract right now, but I've got the April contract up here on our screen. So let's take a look at it. Continuous contract, we're looking at the futures, does not show a topping pattern. It's got a rogment to indicator signal, but that's at the weekly timeframe. It has also triggered a rogment to indicator signal. That says at week's end peak, if there were to be a bearish reversal candle, right now it shows a shooting star. No idea what candle formation it will look like on Friday, but a price did generate a bearish reversal candle. That would then tell us that price should pull back to the $65, $511 area. What I'm really saying is not necessarily that dollar amount, but to its green oscillator and change line. That's the present value. On a daily timeframe for the April contract, what we have is a rogment to indicator top that has led to a sideways consolidation. A price right now is trading with inside the profile. You can see out here, Peak, that the oscillator and change line has acted as resistance out there. That's currently at $72109. Support out here is going to be at $66631, the bottom of that bullish structured weekly profile. On a 30-minute timeframe, I don't see any kind of a bottom, nor do I on the 60, although price is testing a key level of support at $69495. I see a negated two-hour TD-9 account bottom, or it looks like it will be a two-hour TD-9 account negated bottom. We won't really know until I think this candle should close at noon. Let me just make sure. It does. So with Bitcoin, the April contract, that is, is trading below $69985 at 12 noon. That pattern gets negated and says that price heads lower out there. A 240-minute chart looks at suggesting lower price as is the five-hour timeframe chart. So the call here is Bitcoin is likely to head lower, and 66631 to 65498 would be its price target out there. So, Peak G, I hope that helped you out. You also wanted to take a look at the grayscale Bitcoin ETF out there. So let me close out these charts. You're welcome. And let's go see what GBTC itself is doing. That's gold. That's not what we're looking at. And it'll be here momentarily. I think it's right here. Yeah, it is. OK. So now we take a GBTC. We see a consolidation with Insight as daily profile. So the first thing that I can share with you, Peak, is support and resistance. 5968 is support and resistance up at 6401. On a daily timeframe, we'll pull this back a little bit to the left, expand it out. We can see the Rogement Dominicator top. We can see a Peak G top out there. You've got to love that. I was asked by Peak G. So you've got that top out here. You've got a sideways-ish type consolidation, really, is what's in place out here. I don't have any signals on a daily timeframe to suggest that that won't continue. On a weekly timeframe, we have a completed TD9 count top. Now, what price is doing is it's consolidating with Insight its weekly profile. A key level of support is going to be that green oscillator and change line. And that's at the 5829 level. If price closed below that, that would suggest getting back to 5146. I would say the bottom of the consolidation is around the 55-ish area out here. So the daily, you're in a bare-structured profile. Here's what I would say the charts are telling you and I at 1146. A close-bow of 6228 should bring 5968 into play. The monthly chart looks moibueno. It negated a TD9 count top from way back in July of 2021 out there. I don't see a current top in place. In fact, I see a negated TD9 count top. So bigger picture looks like GBTC wants to add higher. The weekly, the problem is you've got a daily top and a weekly top out there. But so far, levels of support have held. Watch that 5829-ish area out there. A close-bow of that is going to be the signal that says that we had even lower out there. So people, I hope that helped you out with regard to GBTC. As always, thanks so much for writing in. Eddie in Paul Beach is asking, will NVIDIA get to 740-680? I don't know the answer to that, but let's go take a look at the charts out here. So here's what we know about NVIDIA. Today is going to be a successful TD9 count bottom pattern. I do not see any other kind of pattern out here for NVIDIA. It's pretty much been a straight line to the downside. So this TD9 count suggests that NVIDIA, Eddie, should form a bottom between today and tomorrow. Now, don't know whether it will or it won't, but the cool thing about that pattern is that you have that in place. And so therefore, if you get a close below the low of that pattern, and it could be the low of today, but it could be the low of tomorrow. So I don't know the answer. Right now, the low of this pattern is at 830-22, but you can't use that until the session ends really tomorrow out there. But the daily timeframe is suggesting, we've seen really a sideways consolidation, ever since it formed the Rosemont Dominicator top back on March 8th. And it's trading into that swing point where you'd say would be the bottom of the consolidation. May the 11th, I'm sorry, March the 11th, 67 million, 68 million shares traded that day. So far today, inside of NVIDIA, we've got volume of 28 million. So you've got similar but slightly higher, I would say definitely higher volume at this stage as price is testing that swing point. Now with the TD9 count bottom, if it closes above that swing point, closing above 841-66 with volume, that would then just tell us that tomorrow price would at least or should test that area. But NVIDIA, you're asking can it get back to 740? Well, anything can happen. And you're looking at this gap right here that took place on February the 22nd. Right now, the answer is not likely, at least at this stage of the game, but if the TD9 count bottom gets negated at any point in time in NVIDIA, then I would say the answer to that question is yes. So keep your eyes tuned to today and tomorrow and the next day with regard to price action and those lows in the TD9 count pattern. On a weekly timeframe, what do we have out there? I'm going to assume, and that might be a bad assumption, that we have a sell the D point pattern. Let me pull this back and the answer is yeah, okay, so we already have that in there. So you've got to sell the D point pattern with price consolidating with inside its profile. Now a weekly close below about 859, that's the green asset on chain sign, would say, okay, maybe I want to get back to test support. That's at 755, you're still asking 740, we don't see 740 coming into fruition, just maybe it spikes down to that level. But still you want to be paying attention to the daily TD9 count pattern. The daily fails, then we get to the weekly and the weekly says, okay, I want to head back towards that 755 level. The monthly timeframe chart, as we speak right now, Eddie looks bullish. You've got an inside bar, but it's early, it's only the ninth of April. A bearish reversal candle at month's end would confirm a rogement to indicator top. So right now Eddie, now what I'd be doing here, the question is, is today the bottom? Is today bar number nine, is at the bottom? You know, the easy way to answer that is see if you've got any kind of bottom signals on an intraday chart. I don't see one on a 30. Let's try the 65 real quickly here before we're off to this break. 65, TD9 count is trying to form as well as an A to B equal CD pattern. We'll be right back and finish up NVIDIA for Eddie. And Paul, really, I think he's a bull. We'll be right back. The gold 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 XAU, 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 so you have nothing to risk. Subscribe to Tom O'Brien's gold report newsletter now at TFNN.com. In the world of trading, only a few names stand out like Larry Pesevento, a pros pro with over 50 years of experience. Larry has seen it all. A former Chicago Mercantile exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. Introducing Fibonacci 24-7, Larry Pesevento's daily trading service that turns the complexity of markets into opportunities. Published every Sunday, receive a comprehensive report packed with detailed commentary, charts, and videos that illuminate the patterns shaping the markets with updates throughout the week, exclusively for subscribers. Whether through charts or videos, Larry's analysis is your roadmap to navigating the markets. You can sign up now at TFNN.com for just $97 and with all TFNN newsletters backed by a 30-day money back guarantee, you have nothing to risk. For all the details, visit TFNN.com. You'll find Fibonacci 24-7 right under the newsletters tab. Are you ready to take charge of your financial future? TFNN is your gateway to the world of trading and investing. Whether you're starting out or scaling up, TFNN empowers traders and investors of all skill levels with top-notch investing systems, strategies, and techniques. It's time to protect and grow your money with insight you can trust. Join us live Monday through Friday during market hours for exclusive content that moves with the markets. At TFNN, we bring the trading floor to you. Our seasoned hosts are here to answer your calls and questions live on the air. Check out the Tiger's Den for just $1 and follow us on YouTube and become part of our vibrant community. And remember, at TFNN, we're so confident in the value we provide that we offer a 30-day money back guarantee on all new premium newsletters, subscriptions, and services. You have absolutely nothing to risk. So why wait? Tune in live to Tiger TV and transform your trading journey because when you know better, you invest better. Join us and experience the difference today. TFNN, educating investors. Welcome back. So we take a look at NVIDIA out here. This is for Eddie. And Eddie, the only intraday time period that I see a valid bottom for is that 65 minutes, got a TD9 count bottom that is going to complete here, are gonna confirm. It looks like it'll confirm here at 12.45. And then you've got another 65 minutes after that for the pattern to complete out there. If this is the bottom, you would see in the case of NVIDIA, you'd see a close of of 822.01 out there. So, but your question was really, we'll price get back to that 740 to 680 level. And right now the evidence says no, not until the TD9 count bottom pattern that's forming on the daily timeframe fails. Dan, inside the Tigers, I want to take a look at IONQ. So let's put those charts up on our screen. Sold, put yesterday, we'll sell more if it reaches eight bucks. 790 might have marked low by your read yesterday morning. So on a daily timeframe, first just the initial signal. So I look at the chart, the first time I look at four is there a bottom pattern or a topping pattern out there on a daily timeframe? I do not see a topping pattern. Now, maybe there's an A to B equal CD, but that would require a bullish reversal candidate to confirm that bottom. So we don't have to worry about that. The weekly timeframe, I understand why you're short here. The weekly timeframe, you're below profile levels, you're below red oscillator and change line. I don't see a bottom, it suggests a move lower. In the case of monthly timeframe, this is telling us Dan the price may want to get to 610. So we're trading below last month's low. 610 is the bottom of that monthly profile out there. If I just pull back a daily, now let's go to the weekly real quickly here. So the weekly has a swing point that has volume. This is the November 3rd of 2023, 49 million shares. When this was passed, that would be this week. So far you're at 15 million shares. So I don't know what the volumetric will look like, but what I can say Dan is we get a close below 923 with more than 50 million shares. This thing wants to get all the way back to its lows out here, back in the $3 ish type area or something along those lines. So here's A to B. Oh, I didn't grab it right. Son of a gun, let's see. Let's try A to B. And congratulations to Yukon out there. That is one heck of a basketball team. I mean, they are strong. One heck of a basketball team. Yeah, that would give you an A to B equal CD down to the $3 type area. Folks have a terrific Tuesday. I'll look forward to seeing you on wonderful Wednesday, 11 a.m. sharp. Be safe out there and have a great day.


Hello everyone, I'm today is rendezvous with Patel, Patricio of World, she's been venido. Gracias. Gracias. Gracias. No, gracias. Gracias. Do you know Spanish? No. No. Un poquito. Un poquito. So I want to know how you started, when you started. I want to know about the foam I want in McLaren Brand Experience, which I'm sure, but we keep that for the end. So where did you start? So you're from Mexico? So I'm from Born and Race, Monterey, Mexico. Yes. I lived in Monterey for the first 11 years of my life. Then I moved to San Antonio, Texas, which is about three hours from the border which divides Mexico and Texas. My parents wanted to give my sister and I a better life because in Mexico it got really bad with the killing and it just got really violent. They decided to make the move. Obviously my sister and I were like, no, all our friends are in Mexico. But honestly, when you look back at it now it's the best thing that could have ever happened to us because I feel like it allowed us to grow, right? It allowed you to grow as an individual. For me, for racing, I feel like I grew a lot in certain areas and I feel like you can resemble it to as well, right? You start so young. I started karting when I was six. So I started in Mexico and then when I started traveling to the US, obviously being in the US was a lot easier to do all that. You were four, five years younger than Checo Perez? No, so I'm 23. Checo is 32. So you never race Gokal, same track, not in the same category, okay? No, so I'm still a lot younger than Dani Suarez. Yes, okay. But we started at the same tracks. We're from the same place. So I started karting there and then I made the move to cars around when I was 14. I did it first in Europe. So I did the French at four. Yeah, I knew you came in Europe. So I didn't do the full championship. I only did a few races. And then after that I came to America because that's where I got the best deal in order to race, did the road to Indy, then ran out of money, got a ride in Imsa, and then gathered up some money and got a really good deal with Andretti in Indy Lights. And you were teammate with Colton? Colton, yes, teammates with Colton. So we did that in 18 and that kind of gave me the stepping stool to Indy kart but then everything fell off from the harding thing and I got signed by Red Bull and then they shipped me off to Japan to do super formula, but then the FIA didn't want to give me my super license. So that contract that was for Red Bull was actually a Formula One contract. It wasn't for super formula or F2 or anything. And when the FIA didn't give me the super license, we were kind of handcuffed and we were like, well, they can't use me for what they want me for and I need to go somewhere to make some money. So we kind of just split our ways and we ended well together. And I called up Sack and I said, man, I'm available. He had been kind of scouting me but he hadn't proposed anything. But then Colton I said, man, I'm free. I don't know if you still have a spot and he's like, let's see. And then in a couple of weeks, it came together and here we are, 2020, first year with them. And then 21, and then yeah, and then 22, you're loving it. Yes, I mean, yes, it's great. The atmosphere is so nice. The atmosphere is so nice. And I love that I couldn't do that in Formula One. You know, chatting with the drivers and getting you guys to get known. It's funny because when you look from outside some people carry, you think it was straightforward but then you explain to me how it was and then no, it's not straightforward at all. No, it's like here, here and then here and then here and then here, it's just crazy. So talking of Formula One, how was it? Man, it's more than everything you can imagine. I was mind blown with what the car is capable of. They say, yeah, they're so quick and they do this but when you're in the car and you're approaching the corner, there's no way this car is gonna stop. There is no way this car is gonna be flat. And it is. It's just like, oh my God. You turn and you had to turn two seconds later. One of the best experiences I've ever had in a race car was obviously that car. But you know, in Abu Dhabi, turn one and then two and three. The change of direction from two and three. Man, my smile inside the helmet.  And I did the out lap install and then out prep and then push. And my first flyer said, let's do it. Which I know it's easy, flat through there but it's so fast, right? Yeah, from any other car that I've been to, it's like, no, you probably, a little late to the first, yeah, exactly. You know, they tell you it's flat, the four corners, but it takes a few hours to get there. And I did it and the change, like the car just boom, boom. And I was like, oh my God. And then I was mind blown with how little pressure you need to apply to the brake. Really? For the car to just boom. Different brake system from the one I ran. You think? Yeah. Like man, because in the Indy car, man, I destroyed a set of tires because I was used to the pressures here and I just slammed the brakes, destroyed the tire. You're applying double, more than double the pressure than what was ideal from Lando and Daniels. And I was like, what? So that was hard to kind of comprehend where you just, you give it a nice smack but it's not like as hard as you can. And the thing stops like, unbelievable. 6.5 Gs. So cool. At the end of the day, mate, I would go to the, like you need to brake here. Yes, I know, but I can't see. I can't see. I don't know where I'm going. Can you put something on the map? Yeah. Can you put like a hold here? It's the first day in Formula One car. It is the day that you've been waiting for your life. It's amazing. And you prepare as much as you can your neck. You know it's going to be hard. And it's so annoying when you get to a point where your neck just, you can't do it anymore. It happens to you also. Yeah. Oh yeah. 100%. But then the more you drive it, it just gets used to it. You just get, yes. I mean, in winter, you still, going back to winter tests, yes, but you normally do 120, 140 laps in Barcelona, so it's just like a wake up, but then in the season, it's kind of easy like in the car. But it's amazing. The ride is so nice. The power delivery, the gearbox. Yeah, the gearbox for me is one of the huge differences in the car. If you don't know you've shifted and there's no sound, you don't know you've shifted. The speed just doesn't never slow down. It's all, oh man. Yeah. I mean, the environment and everything. It's very different. I mean, it's beautiful, but it's also almost too, sometimes too perfect. It's very, it's like, I feel like it's the textbook definition of image. Like you arrive and it's like, wow. Like cars aren't even rolling on the track and the infrastructure of what F1 is is like, wow. Crazy. That one, and I got to drive Mica's car in Laguna. Oh yeah, so the footage, I was so jealous. I have to say, in how the engine pulled in the straight. It's also the car was 750 kilos. Even lighter than that. Yeah, for me to know it's 750. When I started it was 605 kilos. So that was 550. No, 550 kilos. Sorry, sorry. Yes, 550 kilos. Yeah, but that was a V10 as well in Mica's car. Mate, the weight that the engine pulled. And I was in fifth gear and it still, wow. It never stops. Oh no. Oh man, like amazing, amazing, amazing. And I was mind blown with how much of a difference it was from the IndyCar because the horsepower is the same, but it weighs half of the weight. And it was like, wow. And oh, the engine noise. Oh. I know. I missed those days.  I did a V8, yes. I never drove a V10. But it was beautiful, the V8 also. That was awesome. And then when the blown exhaust, when you were lifting up the throttle, the throttle would stay fully open. They would just cut the fuel injection, but you would air and it was funny. Blown diffuser was funny. And high speed, more you would lift up the throttle, less downforce you would have at the rear. So you had to stick in to get the downforce. And it was... Yeah, more throttle, more downforce. Yeah, it was quite something. IndyCar is 20, 30 years behind, but we all have the same car and they're strong. So the racing is actually... What's so good about IndyCar, I feel like there's no racing product that's better in the world. There's not. Like, there's not. And you can never guess what's gonna win. You can have an idea who's gonna be up there, but you can never, again, to you, very little time people say this is gonna be the podium and it actually is. Oh, it's so hard to say. Like, you just, you can't. Big thing also, I feel like the strategy in IndyCar is a big thing. Oh, yeah. Because there's a lot of rules that can really screw you. Absolutely. As we knew, or as we found out in IMS road course this year. Yes. The sleek target really well on the wet. Oh, yeah. Absolutely amazing. I don't know how I stopped the car because when I was leading the last, what it was like eight laps, I was like, no, I don't want a box. But then I was like, man, I'm gonna, I'm gonna destroy the car. Yeah. But then it's like, well, you can't pit unless you get a penalty. And it's like, well, I think we have to take the penalty because I think you did as well. I did as well, because you got to a point where the visibility was a problem and we were on slicks and it was still working. No, but then you're like, ah, and then one whoop in the car just, it's physical car, huh? Oh my God.  The F1 is like butter, but the neck is bad. The neck is bad. Everything else in Formula One is easy. I used to have 250, 200 milliliters of drink in my Formula One car. So that's a glass of water, a small glass. In the car, I've got 1.2 liter, which is complete. Come back and drink it all. And in Formula One, I would never finish it. Indicates, brutal. But I love that. You finish it, you go for a good burger and a good beer. Yeah. And it's a good day. Yeah, yeah, I agree. Also the weight, I feel like it's not as sensitive in Indicates. We got a bit more room. Yeah. Which is not- Structuation. Yeah. Are you ready for my questions? I'm ready. Okay, you're the first one. Is your bed made right now? Yes. Okay. What's your guilty pleasure? Chocolate. Chocolate? Yeah. I've got plenty. Like a lava cake? Yeah. Oh. Yes. Good boy. Okay, what's one of unique names but that we don't know? I feel everything. I call you cabron, but that's what I want to know. I feel like everybody knows that potato. Potato? Felix says potato. Okay. Yeah. I like potato. And then some guy in the F1 said pato. Pato? Yeah. Okay. What item is worse, spending money, more money on? So which one do you don't mind spending money on? Oh. The house, is it the car? Oh, experiences. Experiences? Yes. Like trips and they are expensive but I think they give you the best memories you'll ever have. I love that answer. If you could afford any car, which one would you drive? I kind of know the answer.  Oh, wow. I think it's the perfect balance of sexy, fast, just beautiful car. The only point is that you need to have a lot of Ferraris to have La Ferrari. No, and yes. And also like, it's kind of like buying a jet. The price for it. Yes. I can't say. Your celebrity crush. Ooh. If you're a girlfriend, you can use a Joket. Market Robbie. You know Market Robbie? Wolf of Wall Street? Yes, yes. That one. Okay. Phobia? For me, snakes. And there's a lot of them in Miami. Spiders. Spiders? I've got legs. It's less bad than a snake, I feel. Oh yeah. The first snake. Oh yeah? You can come and clean my, I'll make you a house. Yeah. You get snakes? I had one in the basement the other day in the kids' playroom and one in the pool. No, the one in the basement was a, it was a baby one. It was, Where's the mama? Where's the mama? Next question. What's the rainy day activity? Play Xbox. The only game I play is Call of Duty Black Ops 1. Okay. I love playing that with my cousins. Good game, that one. How would you answer the phone? Hola. Hola? Hola. Where is your happy place? At home, with my family, yes. And what's your favorite word? I can't say it. But, I kept the tricky question for the end. I guess the word that I love hearing always is good news. Cause it always, something good comes up for that. Yeah. True, very true. My friend, Muchas gracias. Thank you for having me. Anytime. Yeah. How's it going, Will? And you always welcome. Thanks.


The most American thing that has ever happened. We are once again witnessing history being made, folks. Today, in the year of our Lord, 2022, we get the great privilege of bearing witness to the single most American thing that has ever happened. The Biden administration has asked top Democrats to decouple the federal government's COVID relief spending package from its much larger bill for funding of the U.S. proxy war against Russia and Ukraine because one of those two things is too controversial and contentious to pass quickly. Guess which one? Politico reports, Congressional Democratic leaders reached a bipartisan accord to spend $39.8 billion to Ukraine to bolster its months-long battle against a brutal Russian assault. And that deal is now expected to move swiftly to President Joe Biden's desk after Democrats agreed to drop another one of their top priorities, billions of dollars in pandemic aid that has stalled on the Hill. The Ukraine aid would come to the House floor for a vote as soon as Tuesday, according to a person familiar with the discussions who spoke candidly on condition of anonymity. That nearly $4 billion worth of proxy war funding eclipses the paltry $10 billion in COVID relief funding that was being debated in Congress and is in fact well in excess of the already massive $33 billion sum requested by the White House. President Joe Biden and top Democrats have agreed to a GOP demand to disentangle a stalled COVID-19 response package for a separate supplemental request for military and humanitarian aid to Ukraine so the latter can move more quickly, roll call reports. At the same time, House and Senate Democrats have upped the price tag on the Ukraine package by $6.8 billion above Biden's initial $33 billion request. Democrats proposed including an additional $3.4 billion for food aid and $3.4 billion more to replace U.S. military equipment sent to Ukraine, according to sources familiar with the matter. I defy you to find me anything more American than Washington decoupling relief for its own citizens from its proxy war funding because it wants to make sure the proxy war funding actually passes. It's almost too perfect. You couldn't come up with a better summation of the U.S. Empire in a nutshell if you tried. Taking money away from needful Americans because Congressional opposition to doing so was putting too much inertia on Washington's games of nuclear brinkmanship is the single most American thing that has ever happened. There's actually a real poetic beauty to it if you look close enough. The government, which runs a globe-spanning empire, is dubious about the need to help its own citizenry recover from an economy-flattening pandemic but throws its full bipartisan support behind a proxy war which threatens the life of every living organism. And that's it. That's the whole entire point I wanted to make here.


In this topic, we are going to talk about multinational characteristics as source of concern for the trade union. So we are going to talk about what are the characteristics of multinationals that become a threat or a source of tension or threat for the trade union. Trade union leaders have seen growth of multinational enterprises as threat to the bargaining power of labor because of the considerable power or influence that multinationals have been able to gain. Because multinationals, they are huge enterprises, they have a lot of investment, they have a lot of resources. And obviously the owners and stakeholders of these multinational companies, they become very powerful. So the trade union leaders, they have always seen that the growth of multinational is something which reduces the collective bargaining power of their trade unions. Although it is recognized that multinationals, they are neither uniformly anti-union nor omnipotent and monolithic bureaucracies. There is no such thing that it is recognized that multinationals are not all multinationals anti-union. Nor are they so powerful or omnipotent that they can counter all kinds of pressures. Nor are they bureaucracies that are standing on a single power. So this is also recognized in literature, but their bargaining power is much more than a local organization because of many factors. So potential for lobbying power and flexibility across countries creates difficulties for employees and labor unions because they are able to lobby, they are able to create power, they are able to exert that power because of their huge enterprise, enterprising nature. So what are the different characteristics of multinationals which create a threat for these trade unions and collective bargaining agents? Number one is the formidable financial resources. You know that it is all about financial resources and profitability. If an organization is not able to generate cash flows, it is not able to generate enough profits, then after a certain time it will lead to closure, it will lead to bankruptcy. So no matter how good products they are selling or how good services they are giving, if they are not able to meet financial requirements, they will not be able to survive. However, these multinational companies, they have formidable huge resources. So what happens is that if in one particular subsidiary they are not able to show profits, they can show an overall global profit because of their existence in various different countries. So they have a lot of ability to absorb losses in a foreign subsidiary under dispute and still show an overall profit in worldwide operations. So that can be done through transnational sourcing. They can also take help from cross-subsidization of products or components. So they have got a lot of financial resources. And if for example in one subsidiary there is a strike going on, people are not working, there are prices, there is conflict, in that situation the multinational is in a better state than a local firm to absorb these kind of losses and keep on, keep standing on their own rules and policies and not giving in to the trade unions and collective bargainers. Then another aspect is that there can be alternative sources of supply. So if for example the subsidiary is providing input for another subsidiary in another company, what happens is that the multinational has got many different alternative sources of supply. So it is possible that for example if Coca-Cola stops producing in Pakistan, or if there is a strike, they can always get the supply from another Coca-Cola manufacturing unit working in let's say Afghanistan or in China or somewhere else. So they can produce alternative sources of supply if one unit, it goes on strike and stops working. And also temporary switching of production in order to counter industrial action. So this also happens because multinationals have various different subsidiaries working in different places. It is possible that they can shift the production function, protection operations to another locality, to another place and over there they can increase the production and counter industrial action. Then ability to move production facilities to other countries. So if they feel that there are more problems in one country, trade unions are affecting them a lot and they are trying to influence them a lot, then they will close their factories and put them in another company. So this work can be done by multinationals and local firms. So multinationals locate skill-intensive activities in countries with national policies promoting training and with relatively high labour costs. So the skill-intensive industries, multinationals put them in such a place where training and learning are being focused. They are ready to pay relatively higher wages and higher labour costs. Whereas those functions which are semi-skilled, which require labour, which have routinized activities, they are being located in countries with lower labour costs. For example, Silicon Valley, which is a big hub in the IT industry located in America, its production and operations are based in America because that is a skill-intensive industry. But for example, the textile industry, which is more labour-intensive, does not require a lot of skill. For example, you have to give the design, the designing takes place in your foreign country. And by giving the design, semi-skilled labour has to do that. So these are the things that used to be used in the industry in Pakistan and in Bangladesh, the textile industry has shifted a lot. So these are the things where the skill is not so important, they can shift there. So they stopped from Pakistan because there were issues in Pakistan and they shifted it in Bangladesh. So production facilities can be taken to other countries. Then another aspect which affects the trade unions' collective bargaining power is the remote locus of authority. Multinationals visibly portray a system of decentralization and local responsiveness of human resource management. But trade unions, they point out and declare that multinationals' decision-making process is opaque, it's not clear, and division of authority is obscure. So trade unions contest that multinationals do not delegate authority, they basically keep it in their hands. And they say that local employer representative may not be aware of the organization's strategy. So these things are the human resource aspects of their multinationals, they keep them obscure and opaque. So because of this transparency, because they don't see it, then your locus of authority sees the remote. Then another aspect that affects the bargaining power of trade unions is having production facilities in many countries. So because many multinationals, they have production facilities in many countries, so if a plant is not working very effectively, then production facilities in other countries, they can compensate for that one particular issue. Then the multinationals, they have superior knowledge and expertise in industrial relations because they are huge, they have more knowledge, they have more opportunity of employing experts. So all that leads them to have superior knowledge and expertise in industrial relations. And then the multinationals have a huge advantage that they have the capacity to stage an investment strike. So for example, if one unit, it becomes less profitable, it is not showing profits and there you have pressure from employees, from trade unions, so if you can't tie it up, then what you do is that you stop investing more money and let it remain unprofitable for a certain period of time after which slowly it becomes redundant and then everyone sees that it should be tied up. So multinationals have the ability to let certain units remain redundant or less profitable because the other functions, the other operations, they get profits from that and they can absorb losses. So multinationals, they can go on an investment strike because you are not allowed to close a particular unit or it is difficult to close that particular unit, they go on an investment strike. They don't see growth there, they don't see work there, they see that it is going to be closed and then people gradually leave it and go on. So these multinationals, they can stage an investment strike and they can reduce the bargaining power of the trade union. So these are the various different ways in which the multinationals, because of these characteristics but they have huge resources, they have production facilities in many countries, they have more knowledge, they have the ability to generate alternative sources of supply. All these things, they make the multinationals a threat to the trade unions and they reduce their bargaining power more than the local company.


A�n rhai dyna'r ffondi Llanthydd has helped the growth of the women's game significantly, so it has helped the grass roots through to the elite on to the professionalism. If I think about the Women's Rugby World Cup coming up on the 8th of October, many of the women and girls who have competed over here in England, Scotland and Wales have had support for the National Lojwyr funding. For me National Lojwyr has provided my support in my rugby club and I also had support as an athlete on the England side, Felly, mae'r gymryd iELL fel gwahog이 ac ei gwahogu'u helpu, ac i'n mynd i'r hemaur yn ysfod bach a'r shef. Rydw i'n rhoi'r meddwl, wirthyn Cymru yn fawr i ddechrau. Rydw i ddechrau'r meddwl, pan yw 94.6 mlfawr yn gennym i 3200 y Llyfrgell, across the United Kingdom since 1994, mainly into women and girls projects and for example here at Haringay Rhino's they've had the investment from National Lottery which has made such a significant difference. National Lottery funding has helped the club, especially the girls, through providing us with equipment, kit, balls and for transportation for the kids to go to away games. We wouldn't be able to do half of what we do without National Lottery funding. We got £10,000 from the Covid Emergency Fund which was an absolute lifesaver, especially for a club like ours. We're in the poorest part of Haringay which is the fourth poorest London borough. We don't charge the kids any membership here and that money has to come from somewhere. So I'm very proud to think that the National Lottery funding is making such a difference to the women and girls game. Women and girls particular now have a future, they now have the option to go and represent the country if they want to, but even if they don't they've still got support at the grassroots level which I think is huge because it's not just about wanting to play for your country, it's about participation, it's about staying fit, it's about staying healthy and also for men to well-being as well it all has a huge impact so I'm very proud to be part of National Lottery and I'm so pleased that they're funding huge projects around the country as a result of that.