The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Toll free at 1-877-927-6648 or internationally at<PHONE_NUMBER>. The Trader's Edge. Now, Steve Rhodes. Good afternoon from TFNN. And welcome, folks, to the terrific Tuesday, the Taco Tuesday 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. Well, everyone out there is having a great day. Hey, let's make sure we have an extraordinary one. And the easiest way to do that is to always remember that life is always happening for us. Not to us. That's right. When you and I make that one little two-by-four shift, it means we can find the gift in every set of circumstance that life is going to toss at us. Now, today, you and I, we're going to go check on the circumstance of these markets. We're going to go figure out what those bulls and bears and buyers and sellers are communicating. To you and I, just past one o'clock in the afternoon. I do want you to know that I'm absolutely grateful for your presence here, but much more important than that. During this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. You can dial on at<PHONE_NUMBER>. Yet if you can't dial in, well, we've got you covered there, too. You can send me an email, steve at tfnn.com. Inside the subject heading, please put radio show question. Of course, our Tiger is done. Well, any 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 Lush Show right now. All the indices with the exception of the transports in the green. Dows up 39. S&P's up 10. And then NDX 140. Russell's up 3. Summizer up 12. New York Stock Exchange 19. Wilshire 5000 up 96. It's the transports that are down 28 buckaroonies. Spotball Tilted X is basically flat. Gold's off $3. Silver's down 9 pennies. Lights recruit us up a quarter. Natural gas up just a tad out here, leading the charge dollar-wise. To the upside, it's Rockwell Automation. That's up 20 bucks or 11%. Chipult lays up 14 or 2%. ICU Med up 5% or 9 bucks. Kraft Rue Alliance up 9. The Trey Desk up 9. To the downside, it's advanced auto parts. They're down 13 bucks. Solid biosensors off 8. J2 Global down 5. So there's certainly things to look at. But the first thing we're going to look at, I believe, is Clovis Uncology. Let's go out to Brent in Martinez, California. Brent, thanks for calling. Thanks for holding. How are you doing today? How are you feeling? I'm doing great, Steve. Thank you very much for taking the call. And thanks for taking care of those ones yesterday. I appreciate that. Hey, my pleasure, as always. So ticker symbol here, folks, is CLVS. Brent, tell us what you're doing and how we can help you. I'm in this one. Long is a lower price. I like the way that it got bullish and golf and candle at the bottom, at the low. Yeah. And so I'm in this one. I'm trying to, I'm looking in this area. I already talked about Milan. I'm in that. Yes. And then this one with some shares and then also some call options on them. Out of ways, just to, you know, give myself time. But what I want to ask you about on this one in particular is, again, I like that candle put in. You know, came down and tested that a little bit. Sure. Yeah. So I'm looking up on Thursday the follow-up on Friday. It looks like it might be running into some horizontal resistance around six. I just wanted you to take a look at it and get your thoughts and, you know, analysis if you could. No, absolutely. So folks, if we take a look at the daily time frame chart for CLVS oncology, one of the things that you like to see is a volume off of the bottom. So although on the trading day of October 28th, you made a slightly lower low, it was really a key reversal session out there. Now that key reversal session, Brent was coming while price was moving lower and doing it with less relative energy. So that roads momentum indicator bottom signal. So we like that. A 568 on the daily basis is actually a resistance area. You didn't see a close above it for one day. Yesterday fell back down below that. So you know that that is a real significant resistance area. A 568. You like to see two bars close above that. Two consecutive bars close above that. This would suggest price could pull back to around $398, $4. That's where the red line level is the oscillator and change line, knowing that price has run into resistance out here. But the other thing I wanted to point out, Brent, to all of the listeners out here was here is a perfect, so it puts in a perfect bottoming signal. You've got the roads momentum indicator. You've got a key reversal, wide-ranging bar, volume. In this case here, volume pushing, we'll have to assume, I'm going to assume volume pushing higher, volume off the bottom. And then what takes place over the next three trading sessions is you get price trading with inside the bar pulling back on lighter volume, which really gave for a perfect breakout. Actually, as soon as price closed above the, either the close or the high of October 28, depending on whether you're a conservative or a, or an aggressive trader out there created the, created the rising, rising, shoot, rising to continuation pattern. The word escapes me right now off the top, the rising three pattern out there. In any event, so on the daily chart, everything looks real good as far as where price could pull back to the top of the box is 392, 398, 399 is my red line. So that would be something I would be looking at out here. For the daily timeframe, price is above its weekly profile. So that's nice and bullish out here. As far as bottoming signals on a weekly timeframe, out here Brent, I don't have one per se. That doesn't mean that it didn't bottom. If price can clear the level that we were looking on a daily timeframe, then a nice price, the next price target would be 1353. That was on a weekly basis where Clovis oncology broke down. That was the high by the way of the week that began July or ended July 19th out there. So let's just take a look at the weekly, to the monthly timeframe chart, because this is going to make it easy peasy to understand whether Clovis oncology on its way up, assuming that it's going to continue to move up, out here has put in a real solid bottom. And that's this Brent. When we take a look at the monthly timeframe chart, what we are going to see when we look at the oscillator and change line as price has been below that level since November of 2017. And there have been a couple of tests as prices have bounced. The most recent one really takes us back to March of this year out here and priced up right in its tracks right at that line. If you were to ask me how does this line work, I know how it works theoretically, practically. I know how I use it to help identify and call the markets, but mathematically, why it is that it acts as a great support or resistance magnet, I don't know. But it's so clear on the chart out here, and that by the way, that's priced today at $9.83. That level will change as price moves up or down out here, but any close above that level on a monthly basis says you've likely got a change in trend from a longer term standpoint. So in summary, the resistance inside of Clovis oncology that you're right now dealing with is $5.68. You'd like to see two daily closes above that to then see price move on to higher levels and those higher levels, the next one being $13.53 give or take out there. But obviously it won't get to $13.53 before it deals with $9.83 and that's a monthly oscillator and change line. How's that for you, Brent? That is extremely helpful, Steve. That gives me other levels to watch. Very much appreciate it. Have a wonderful day, and I'm sure I'll talk to you soon. You bet, and best of luck on that trade. That was Brent in Martinez, California. That was up 38 S&P 10. We'll be right back. We'll be right back. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current properties or you're looking to sell your property or you're looking to sell your property or you're looking to sell your property or you're looking to sell your property in the Tampa Bay Area, whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. From the price you should be paying per square foot in certain up-and-coming areas to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision in all areas of the market. Before you make one of the biggest decisions of your financial future, call Tiger Real Estate LLC today at<PHONE_NUMBER> or email us at Tiger at TFNN.com. That's<PHONE_NUMBER>. Call us today. 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TFNN.com Educating Investors.<PHONE_NUMBER> Welcome back folks. Dow's up 35 S&P, 10 Nasdaq 141 points. Let's go to some of our questions that are coming. Looks like we're out of about five or six at this stage here. The first question coming in from Ian and Ian wants to take a look at the IBB. I wanted for you to review IBB as a short candidate. Can you talk about a position at 110? It doesn't really matter. Can you talk about a place where I should add to your short position? So let's go take a look at here's what we know about the IBB. That is the Nasdaq Biotech Index Fund out here. It's trading right now at 1084. It takes us above the top of our Barra structured daily profile. Now the top of that box Ian was trading above the center of its monthly profile. There's nothing more bullish than a failed bearish pattern. That's what you've got in place out here. With regard to going short the IBB, I don't see it at least right now with regard to TAS market profiles and what price has done over the last handful of days out there. You also have the IBB above the top of its weekly profile. The top there was 104.98 and right now you have the IBB that's trading above the center 109.32 when you trade above that says you want to move to higher price. Okay so that's what that says. You're asking about a short position. So as we pull up in Stevie's other chart out here I could understand the potential of a short position as this formed a TD set up nine counter did it on November 6. The Barra number 8 was the high but right now what you've got is price trading above that level. The high of that day out there is 110.60 and you could use that high as resistance of this pattern and if price closes above that I don't have any reasons for you to be short the IBB at least take a look at the daily time frame chart. If I look at wave counts to the upside it's either wave number 5 or wave number 1 A or E that is on my screen. Yes price is moving higher doing less relative energy but that is not a sell signal it's a warning sign of a potential top. In order for that to form a top you must see some type of bearish reversal candle and Ian it's just not there that pattern started a few days ago and so I say I'd be very cautious out here in being short the IBB if I look at my weekly time frame chart my other set of charts out here this tells us that price is headed to where it broke down that's 114.88 I don't know if that's the kind of heat that you want to take on this move or anything bearish about the weekly time frame for IBB and if I look at the monthly time frame we're going to see where it's trading in relation to Stevie's green line and right now price is above that level this is a monthly time frame the month is not over price has been below this area since October of 2018 but that level is 109.31 and if you get a close above 109.31 out here I've got daily weekly and monthly charts that say you should be long on the IBB not short the IBB so we invest of luck on that trade as far as stops I think that's the best time to have your stop in place when you enter the trade because you do the proper position sizing and your stop should be some level greater than its average true range what I like to use is a 10 day average true range right now that is represented in $1.54 I multiply $1.54 times 1.272 times 618 and that's what I would use for a stop it would be that less whatever the entry point was so best of luck with regard to going short the IBB I wish I had some different news for you it's just the news that's all Lee writes in and he says can you please give me your current thoughts on UNG so now this one came in from yesterday which is fine but let's go take a look at natural gas let's do that by taking a look at four different time frames here we've got the 60 the 120 the third panel is the daily the fourth panel is the weekly and here what we're looking for is any kind of support from a profile standpoint the answer is no not in the daily or the weekly the weekly here Lee price close below 2.682 that was the top of the weekly next support level on the way down from a profile standpoint 251 to as low as 238 out there as long as price stays inside that box you also must be careful of the island top that formed out here yesterday that was the gap to the downside that actually took place Sunday evening but that left a complete island for all those folks that are trapped on that island between November 4th and then on Friday November the 8th out there and those folks are just praying that the boat gets back up there to those price levels probably just simply to sell out if I take a look at natural gas out here using my other charts there are two patterns that formed a top those two patterns are the A to B equal CD that form with the bearish reversal candle dark cloud cover and then some additional follow-through it also top with a TD set up nine count this all suggests price could pull back to 241 and I know you're looking for an entry price so I'm going to give you an entry prices right now 241 to 251 would be the area that I would be watching but we'll need to see how this is really trading should price pull back into those levels so Lee that's what I see with regard to UNG at this stage the earliest point in time those would really be pattern oriented out here if we take a look at natural gas and I pull over the short-term timeframes short-term being 60 120 minute you'll see that the bounce that took place earlier this morning ran right in resistance right where it should have where it last broke down under 30 minute basis was $2.67 out there that's that green solid line price needs to start closing above those green solid lines to 67 270 269 2.716 all those levels are where price needs to close above to give any chance that this is going to turn before it would complete some other pattern such as going and testing the support levels or steve or the breakout area on the daily time frame but right now that's really what it looks like to me Lee as of 125 in the afternoon we take a look at natural gas Allen writes in and Allen wants to take a look at Cody ticker symbol CODI so let's pop those up on our charts out here we have to type in the correct symbol that is compass diversified holdings so I've got them up on both screens now I know this message comes well I see Cody has just broken out of a 13 year base I'd like to go along this equity but I'm wondering if it's likely to pull back to its breakout area while you ask about the breakout area first so let's go take a look at it first here well actually first as long as we're on this page you've got price right now trade about the top of its $22.65 close above that today that's bullish it's above the weekly profile $19.59 it's above the monthly top of the box at $18.35 Cody compass diversified looks pretty good now you mentioned breakout area the breakout area that steve has on the daily time frame for Cody CODI is $19.42 out there now price is moving higher doing it with with less relative energy I'm not going to speak right now but that alone is not your bullish or your bearish signal out there you need to see some type of bearish reversal candle and until you get that by the way the first pullback area or the first buy entry into Cody could just simply be a test of steve's green line currently that's priced at $21.87 but the daily time frame chart that looks mighty bullish out there caution sign that's all and the weekly so far looks pretty good too I'll take further look at this during the break actually it looks good on the weekly we'll be right back I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money I'll teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact tools that I use that is transforming into one of the best at what I do sign up for mastering probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today the path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance 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charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleys, ABCs, butterflies and much more the art of timing the trade charts will be available in markets for stocks just beginning to form the trading patterns that many investors spend days, weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting TFNN.com or Swim for more information just click the Think or Swim banner on the front page of TFNN.com Welcome back folks we're taking a look at Kodi, T, I took some CODI currently the Dow everything is in the green transports the only thing in the red off 40 points out here so as I went to the break to take a look at Kodi it was a monthly time frame chart and so Alan there is some potential here for a pullback if we take a look at Kodi in a monthly time frame we're going to see that the last two highs out here and what I'm referring to is back in December of 2013 that formed with the TD set up Nankam then the price went lower for really quite some time went into 2016 then you had a nice little rally that rally had nine consecutive closes on a monthly basis where each close was above the close of the month four bars earlier and but this tops as well on bar number nine of the TD set up Nankam that was in December of 2016 December what did I say the other one was December what month are we coming into December I don't know I don't know Alan is the third time the charm you happen to be in bar number nine on a monthly basis for Kodi that's the only pattern that I can see out here other than daily we saw price moving higher doing less rail to energy but not confirmed yet so I'd say put I wouldn't chase this knowing that we could just take a look at those other prior patterns longer term patterns out there and see how this one plays out so best of luck with that as well we've got a request here from a sat piece as could you suggest if there's a bottom in smart SMAR so let's first go see what smart is and then go see if we can find a bottom that smart sheet out here so here's what we know about smart smart smart sheet out here it's about as good as I can do and that is a prices consolidating between it's a bear structured daily profile 3938 is resistant 3595 support prices trading with inside it's equally balanced weekly profile bottom is 3653 the top is 4386 and the monthly chart doesn't provide us with a whole lot of information out there just has been trading long enough no profiles so to speak if we do take a look at the daily time frame and you're asking me the question sat P did this bottom the answer is going to be yes it bottomed on the trading day of October 25th when that confirmed that bull sash candle confirmed I do say confirmed its roads momentum indicator top now price immediately whenever you get a bottom the next thing you have to do is go figure out where resistance is at because that becomes your target of the move upside you got a break above resistance in order to say now you've got a continuation move and out here out here it's exactly what price did it stopped right at the 4099 area 4099 so price right now it pulled back it was a test of Stevie's red line you've got price above that level and 4099 is the number out here I don't know whether it's going to clear that area or it's just going to be within a range 3531 to 4099 but as we speak out here the question was is there a bottom yeah we just found a bottom and it's trading with inside that consolidation out there do that I don't know if you while your screens might be frozen guys in the production room everything looking good there just to make sure there's no one else who might be listening in or watching you know that would be great here is the weekly time frame chart for a SMAR and what we can see is this formed a TD9 count bottom pattern out here so as we take a look at it no nothing to be sorry you were teasing teasing me okay so you've got a nice 9 count bottom price held it's breakout level 3767 out here now in the case of the weekly is about 4276 but again you've got a bottom on the weekly you've got a bottom on the daily I don't know if we can get the triple crown out here let's take a look at the monthly time frame chart now not enough data on a monthly time frame chart to assist us with that so SAPP I hope that that helps you out with regard to ticker symbol SM AR and best of luck with that Ken writes in Ken in Wyoming Ken nice to hear from you looking for your read on EPR let's go take a look at EPR figure out what EPR is let's type in the correct symbol Stevo that's going to make it much smoother and I'll be doing the right thing EPR is EPR properties out here EPR so this thing here is down below it's a daily and now Ken it is testing and is trading below the weekly profile 7301 here at 63 profile wise this would say a close below 7301 could lead to a move back to 6635 that would be the bottom of its bearish structured monthly profile out there so you're looking for my read let's go take a look at the reading on the roads charts out here we're looking at the white background the Ninja Trader no bottom signal here although prices coming back into a prior hammer candle from back on July 23rd out there but I don't have a bottoming pattern as we speak just yet back then you had price moving lower doing less relative energy you got that bullish candle that went ahead and took price up to it's a recent high out here on a wave count basis to the downside right now in wave number five that's letter E but I don't see the bottom other than coming into support out here Ken so watch that hammer candle from back then if I look at the weekly timeframe here for EPR properties the weekly again shows the you know bullish engulfing candle but prices testing that area that area by the way is 72 59 and if it gets below that man the 6507 area is wide open so I guess to Ken to answer your question I have to assume you're asking me do I see any kind of bottom inside of EPR properties here's your hammer candle at 442,000 shares you're trading inside of it your best bastion for hope if you're looking for a bottom outside of Stevie's normal patterns would be I would have to say a test of that hammer candle 72 25 is the number and you'd like to see a test to reject that level do it less than 442,000 and then what you want to see is some kind of sign of strength off of that bottom and that could be your you know a potential by signal there so that's what I see we take a look at EPR properties hey let's go out to Jupiter and speak with Bill Bill thanks for calling thanks for holding how are you today I'm well Steve how about yourself very good thanks for asking so applied materials is where we're going to spend some time tell the folks what we can what we can do to assist you sure I'm looking at a very short-term play earnings announcement is coming and I think the stock looks strong I'm probably going to do an option trade on it but I just wanted your thoughts and where you how it looks I'd like to hear your analysis of applied materials okay so first from a profile standpoint to price above the top of the daily the weekly and the monthly so I can understand you know you're saying it looks pretty good looks pretty healthy out there and I should continue to move higher so but those profiles are not necessarily going to be a topping pattern or signal but they do provide us with how is price handling the sellers on its way up can they overcome those resistance levels and keep the ball moving forward here's the problem we've got with AMAT this formed a nice little road momentum indicator top and it did a bill on October 29 price was moving higher doing less relative energy you have the bear show up on October 29 with that bear sash candle price moves lower in test TV's green line right now and today looks like it's going to be bar number seven of a TD set up nine count pattern they'll hold on we come back to this break we'll further look at AMAT we'll look at the weekly and the monthly timeframe as well try to understand where resistance is at for this little puppy for you great applied materials we'll be right back books the tax act of 2018 set up tax free zones across the country where you can build it hold for ten years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four year CD in the country as of February 20 is 3.1% a $50,000 investment at a normal four year CD rate of 3.1% would give you income of $1550 per year or $6,200 over the four year 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by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors biotech is booming but for how long whether you think the biotech bull or has run its course trade LABU or LABD directions daily S&P biotech three times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus biotech direction shares at<PHONE_NUMBER> the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC don't forget you can listen to TFNN live on your mobile device 24 hours per day go to TFNN.com watch Tiger TV that's TFNN.com and hit watch Tiger TV for the latest market information welcome back folks we're taking a look at applied materials ticker symbols amath for Bill and Jupiter Florida so Bill here's what we know and I'm looking at the monthly time frame chart and the monthly time frame chart shows that back in November 2017 this formed and those are the highs that it's trying to trade up into but it formed a nice little roads momentum the high of that which was the dark cloud cover candle at high is 60 89 would then takes place over the ensuing year and a half as price moves lower into December of last year not unusual this was forming a monthly TD set up nine count bottom out there and so because that TD set up nine count what we know is that there's resistance or should be resistance at 5840 and this is trading at 5661 we don't know if that resistance level will hold or fail but what you and I do know Bill is that is your breakdown resistance area which often does hold as as resistances we've taken a look at on a number of charts out there so I don't know that the risk reward I don't have a signal out here to suggest that this is going to move lower other than when we looked at the daily time frame chart in the only ways we'd have to assume that this is a counter trend rally and if this is a counter trend rally we want to probably wait for bars number eight or nine to form that would be tomorrow or the next day well certainly by the next day you got to get the ninth bar in there confirmation the ninth bar for a top and then perhaps this is a short but yet Stevie's green line on a daily basis has continued to hold out here so it's almost more of a neutral signal right now with regard to AMAT but I don't have any clear signs of a breakout underway so what can you do with that information I just shared with you oh my god Steve that's perfect great analysis if I do anything for the earnings report I may buy calls and also buy puts just slightly out of the money to protect myself one way the other and hope to collect some premium on one side of it but no that was great analysis you bet good to hear from you thanks for calling in as always that was Bill in Jupiter so we've got a question here from Phil I think we're getting through all the questions that's a beautiful thing Phil writes in he says wonder if you make what what your make is what I think about FRO so let's go take a look at FRO that is frontline limited out here and as we take a look at FRO we know the prices trading below the bottom of its daily profile and bottom of its bullish structured weekly profile closed below that last week yesterday and has rejected the bottom of that box this week that level by the way is ten bucks even Steven so if it does close below ten dollars on Friday you've got two consecutive closes below that resistance level not good this could have support at the top of its monthly profile at nine oh seven let's go see what other signals might be out here for frontline limited ticker symbol FRO if we look at my other daily time frame chart here this suggests to us that prices at eight fifty six that is where price most recently broke out eight fifty six that's a trading day of September the twenty sixth out here so that's what we see price below Stevie's green line the consolidation type area support resistance eight fifty six to eleven seventeen but this looks to me like it wants to move lower out here that's the daily setup but take a look at the weekly setup what do we have out here no pattern let me see where we're at in the wave counts come back all the way here in the early part of twenty eighteen so that helps us we know where to begin our next wave count here where we at you did get to wave number seven that is letter G out here to to wave number seven the last wave number seven led to a decline this one is leading to a decline as well this up brings a seven eighty area into place now we've got two areas seven eighty and eight fifty six so eight fifty six obviously is going to be that would be we would be looking at and on the monthly time frame for front line limited now this hasn't done a whole lot of moving out here but doesn't look bearish so to speak doesn't look bearish but we're going to have to say that the daily and the weekly right now are controlling the price direction and they both are suggesting that they want lower price fill so what I see when I take a look at ticker symbol f r o and thanks so much for writing in that was beautiful we've gotten through everything and we've got three minutes left in this session and then another couple minutes in the last closing home stretch let's take a look at task market profiles out here there had been one that was trying to form on the daily time frame for the e s many it's evaporated it's gone it was attempting to form so what do we know about profiles with regard to the e s the n q the ym and the Russell 2000 they're all above resistance they're all above daily weekly quite frankly monthly and quarterly resistance here I can show you what that looks like we take a look at the e s many out here here's your e s many your daily panel is in your upper left your weekly your upper right your monthly lower left your weekly that's right we've got it all folks the quarterly profile in the lower right what you will see is price is above the tops of all those profiles and therefore shorting becomes very very very interesting and difficult and I saw comment inside the den earlier that m was going to wait for evidence and right now there is no evidence of a top we've got to go find a bottom bottom we have to go find a pattern in order to help us take a look at that so let's continue on with the s and p 500 switch over from the e s many to the s and p cash index here is it's a daily weekly and monthly horizontal trading ranges and right now it looks like the target is about thirty one twenty three or thirty ninety seven so another twenty six points higher thirty one forty two would be its monthly horizontal trading range that's around thirty two thirty one ninety eight is the monthly make sure I got that straight thirty one twenty three is a daily thirty one forty two is the weekly thirty one ninety eight or thirty one ninety ninety nine will call it agent ninety nine is the monthly time frame everything here from a horizontal trading range boundary line level says that price wants to move to higher ground that's what we see when we take a look at the charts out here I do see another question so let's go back to that we come back to the markets at any point in time and the question is Steve do you see do you also see sixteen sixty two low as a three drive to a bottom on the hourly chart for silver for high host silver so let's do this here just for the heck of it let me just put silver up on my screen and take a look at its daily weekly monthly and quarterly horizontal trading ranges out here so you can see prices below the bottom of the daily profiles bullish in structure by the way was that profile and a close below seventeen twelve is spelled curtains well the curtains just said hey price should pull back to the bottom of its weekly profile John and that sixteen forty three out there and a price right now is a trading right above the top of its monthly profile sixteen fifty eight is the number so at sixteen forty three sixteen fifty eight and the quarterly just prices to consolidate in between the top and the bottom now you've asked me to go to a hourly chart here for silver to look for its three drive to a bottom pattern let's put up the other set of charts out here my other tools I see we're going to a hard break John so we come back from this next break we're going to look at the potential of the three drive to a bottom pattern on the hourly chart for high silver basil Chapman has just announced a live ninety minute webinar he'll be conducting for subscribers to his daily trading newsletter the opening call which will be taking place Tuesday November 19th from five till six thirty p.m. eastern time titled a comprehensive review of the Chapman wave techniques and market outlook ahead for twenty twenty this is a great time to sign up for a thirty day free trial to the opening call well gaining access to Basil's live subscriber event taking place later this month with some stock picks up fifteen to thirty percent this year alone Basil will review many of the Chapman wave techniques that helped in their successful analysis as well as providing the sectors and stocks that he thinks will be of importance heading into twenty twenty for all the details check out the opening call on the front of tfnn.com if you're a trader in the market looking for exposure to gold or gold mining equities then now is a perfect time to sign up for Tom O'Brien's gold report the summer is over gold is trading back above fifteen hundred dollars in the ten year treasury is hovering at around one point five percent Tom O'Brien has been writing his weekly gold report for almost eighteen years there's no one that knows more about how the gold market trades and how gold mining equities react new subscribers get a money back guarantee so you have nothing to lose every Monday morning Tom publishes his weekly gold report with coverage of gold silver bonds the XAU HUI GDX the dollar as well as more than thirty different mining equities as of September third gold report subscribers have five active open positions with an average unrealized profit of almost thirty eight percent for each position to see for yourself the types of profitable trades that are recommended within the gold report sign up today by visiting tfnn.com you know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep stress reduction and the need to detox Nicar hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionic oil based vitamins minerals fatty and amino acids in an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they've been called miracle molecules because like sunlight air and water life cannot exist without them that's right page they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by Niko and page of living a primal lifestyle buy it today for just $89 click on the primal edge banner on the front page of TFNN.com this is David White stay tuned because coming up next is the power trading hour right here on TFNN welcome back folks so the question is do I see a three drive to a bottom pattern in silver and so for three drive to a bottom pattern typically what you will see the first drive by the way would be at 10 o'clock on the morning on November the 8th the second drive would take place on November 11th at 10 o'clock and that was 26 bars when you have these three drive to a patterns form you like them to be equal in time zone spans that time zone span would take us to right now at the one o'clock time frame 26 more bars the other thing that you like to see is some kind of expansion Fibonacci expansion of those drives we take a look at that Fibonacci expansion out here like a 1.272 well you didn't really get down there the first one from drive 1 to drive 2 would have taken it to 1658 so that to me says well that's kind of suspect it's just a retest of a prior bottom if we take a look at the Fibonacci expansion of the second set of swing points out here that second set says you know no you know so I don't see it from the traditional as to I was taught by Larry Pesavento about the three drive to a bottom pattern out here I do see three tests of a low but that's really all that I see on the hourly basis with regard to that pattern out here as far as anything else if there were if it were to be a three drive let's just go with the fact that maybe this is a three drive to a bottom pattern John just like with the A to B equal CD a Gartley right so you got three drive you got three drive buys and sells you got Gartley patterns out there they each need to be confirmed with a bullish reversal candle and an hourly time frame I don't have that so that's potentially a three drive how you're going to take a look at it it doesn't really fit the way that I was taught and the way that I was taught was I wasn't taught I taught myself was the real importance on those patterns to get some type of bullish reversal candle and we don't have them as we know Satish my apology not being able to get to Berkshire Hathaway let's go ahead and do that tomorrow in the meantime stay tuned you got two more great hours you've got our favorite polar bear David White he's coming up next Tom O'Brien to take us on home and I look forward to seeing you on a wonderful Wednesday have a terrific Tuesday folks


I see some corners come up here, sixth gear.  In 400 yards, turn left. Oh man, what? I will take it. Hello and welcome back here to the channel, I'm Amir Moravit, we're here on Forza Horizon 5 to do our first official drifts in the A90 Supra.  We get some actual first drifting here in the game. We are on the new HyperX microphone recording. So we do have some sound dending and everything with this microphone. So you won't hear like lasers that are behind me. That sounds like loud CPU fans. So the quality is going to be a lot better. Gonna be fine-tuning some settings throughout the next couple of videos. But without further ado, let's get. So we do have our A90. We have not done anything to the A90 at all. It's just basically how it comes in the game. But we are gonna be changing some things around. So let's go and do some fine-tuning of the car. We'll pop the back. So we are gonna change the back bumper. So I wanna change this back to the factory bumper because I like the factory tail lights better than these tail lights. So first thing we're gonna do, put the factory bumper on. So that's the first thing we're doing. Do you want to continue working? Or should we get these installed? Install. And then we will go back and add, like I said, the drift suspension and everything. And then we're gonna take a look at my wheel settings. So let's go back this way and actually just go into upgrades and tuning. Custom upgrades. All right. So first thing we have to do is throw in the suspension. So we need to add the drift suspension to the A90. So we're gonna do that right now. And then of course, we're gonna put those drift tires on. So we're gonna add a few power mods to it just because I want to add some power to the car. So we're gonna add some drift tire compounds. We'll leave everything else how it is. And then we're gonna go to performance. And I know we can rev the engine. And I sound do change. So we're gonna throw in the race intake. A little bit different of exhaust tone on that. We do have the full race exhaust. I wanna see what the different sound is like factory. So each exhaust makes a big difference. So we are going, like I said, we're gonna add a little bit more power to it. Let's go in. We do have cams already because we do have a lot of power in this A90 already. So we do want to increase a little bit more. We can go up to a little bit bigger of a turbo. Let's add a little bit more boosts to it. And then I think that's all we're gonna do with it. We're gonna do that little bit. Then we're gonna go in and adjust it. Yes, of course, minus $17,000. That's fine. So let's go to tuning. We keep records of every mechanic who goes through the garage. So if you wanna try someone else's engine tune, you can customize my own tuning. So okay, we're gonna drop this down. We're gonna start at 28 and we're gonna drop this to 30. Gearing is obviously the same. We're gonna dial that back. I don't want five degrees of camber. Let's do 3.7 and we're gonna drop this down to say 0.5 in the rear. We're gonna zero our toes out. Leave any robots the same. Leave springs the same. And leave everything else pretty much the same. And that's what we're gonna start off with. Yep, apply. All right, so now let's go take a look at my wheel settings because I did fine tune some wheel settings. Tell us when it is safe to do so. And I did find some settings that I feel are actually quite good and feel very well. You guys are gonna see that.  So the wheel dampening scale is also helping with it feeling very, it's giving me some more self-steer. I turned off road feel scale because I was getting too much vibration in the wheel. I didn't like how that felt. So this is what I'm running at right now.  So that is what I have. And for my Fanatec settings. So for my Fanatec settings for sensitivity, we are on authentic and then for its feedback, I have it turned down to 50% on my wheel because I have fours of turned up all the way. I turned my wheel down a little bit just so it's not super taxing on my wheel. DRI off, FEI at 100, force at 100, 100, 100. And then BLI is at 70, shock, I have off, breaking forces at 70. So that's my Fanatec settings. So let's go back to the game and go actually get first drifts in this car. So this is the first test with drift suspension and the new drift tires. So let's see how they feel. Oh, I don't have a handbrake, gotta remap that. Oh, just clutch kick it. But as you can see, the wheel kind of does just float in my hand actually quite well. I can kind of just let it go and it kind of gives me that counteract like a set of wood. Oh, so we do have better steering lock but let's get our handbrake linked up because that is still a thing that I hope they fix very soon where we have to map our handbrake every single time we come into the game. It's a little annoying but it only takes a couple of seconds. So beggars can't be choosers. All right, so let's go take this to a bit higher speed drifting sections up here. We're just saying in the thing but so overall for a first test of the drift suspension and the actual drift tires, I'm quite happy with how this is going. The first official drifts in this A90. Let's see if we can't paint this back the other way. Here we go. This actually feels really good. So the wheel is actually feeling quite comfortable and I like the way it's feeling. I thought I was going to overshoot that turn. So let me know what you guys think of the drifting so far. Pessie's wheel physics out because when you turn wheel dampening keel off it actually helps quite well. Oh my gosh, she is so loud. Trying to take me to the next part of the game but I'm not trying to go there yet. We're doing a little jump kind of style here. Yeah, I definitely like it. So for first actual drifts, it's quite good. Now I really wish they had a drift camera going on because you can't really see where I'm going without drift camera. Oh, a little bit of wall tap. So we're going to head to where she wants us to go. In the A90, of course, we're probably going to get some high speed drifting. I see some corners go up here, sixth gear. We're just going to go full send on this little SE section. I will take it. We're on the dirt. We're heading to the new house, which is another, the next installment of this game and that's going to be pretty good on dirt too. So I think we get our first house. I'll take it. Rippin' in that A90. In Spanish, you may have heard more than just my house is your house, my friend.  Horizon and Mexico are family. Welcome to your new home. And now we get to start the full game. So overall for suppressions of the drift suspension and the drift tires, I do like them a lot. They are very nice feeling. And in this A90, off the rip, as you can see with some little tweaking and that's just a base too, so. We'll leave as soon as you are ready. Well, I'm ready. So we're leaving. We got to get more drifting in. This is it. What? We're ready for the next stage of the horizon adventure. Romero has marked out potential outposts to expand to and new event types to unlock. Okay. The choice is yours. Where should we go first? Main stage. I mean, I think we've already completed two of the main stages though. But we got to complete those. Those are locked. Horizon Apex will be the ultimate destination for road racing. I mean, I'm definitely a road racer, so we're going to go there. Definitely love road racing. And you know, we can. We're cleared for takeoff. Come meet me, my friend. You will see. I hope my game just didn't crash. We are still littered with the glitching of the game. So we're going to reset the game and come back in because we got to do some more drifting in this A90. So we're going to have to reset this real quick. And a miracle of editing. Okay. Like I said, miracle of editing. We are back and we're going to do some more drifting. Oh, I forgot to link my handbrake. Let's go figure. Let's do that real quick. Miracle of editing. And we're back here. And we can be doing some sliding a little more to really feel how this Supra feels. And I am actually loving how this is feeling right now. Oh, I should have went up a gear. Catching a little bit of some dirt on that. Let's go full send fast as we can through this next corner. Six gear. Oh, there we go. Get to some, a little bit of SE roads here. Yep. Definitely liking how the wheels feeling right now on the game. It feels so much better than Horizon forwarded with the fine sweeps and everything and these drift tires and this drift suspension. Make this car so good. But very mild tuning also. Let's kick that. Little left of brake there. Oh man. Quite honestly, this has somewhat of a feel like a set of course it does a little bit in certain aspects and certain cars and stuff like that. The way my wheel is actually responding is not like any other Forza game that Horizon game we've had. So I think that'll do it here for this episode. Here on Forza Horizon 5, first official drifts here in the A90 with a drift suspension and drift tires giving you guys my wheel settings and everything. So make sure you guys follow me and all social media links found in the description box below. We can do this last corner. As always, I think I was coming back and watching. I'm EvilRabbit. See you guys on the track.


Income tax 2021-2022 tax software example, Archer MSA deduction and jury duty pay. Get ready to get refunds to the max, diving into income tax 2021-2022. Lesser tax software, you don't need access to tax software to follow along, but you might want the form 1040, which you can find at the IRS website, irs.gov, irs.gov, starting out with the single filer, Adam Smith, living in Beverly Hills, 90210, the wages at line one, 100,000, 12,550 standard deduction, getting us to the 87,450 taxable income, mirroring that over on the income tax equation, where we have the 100,000, we have then the 12,550 and the 87,450, letting the software calculate the tax here on page number two. And that is at the 15,15. So let's put that in over here. That's our starting point, 15015. That's our starting point back on over. We're focused in on page one, number 10, adjustments to income from schedule one right there. Let's put a little check mark on it this time. That's what we should be doing. Check mark, schedule number two. This is gonna be the, I'm sorry, schedule one, page number two. And then down here, online 23, we have the Archer MSA deduction 24. Within the other deductions, we got the jury duty pay. You could see instructions related to that. Now it's less likely you're gonna see the Archer MSA deduction. It's more likely that you would see then up top the health savings account deduction and you might have documentation, which would look something like this, the form 5498SA, which is the HSA, Archer MSA or Medicare Advantage. And it would indicate down here in line six, which it would be. And if you have any questions on that, you've got the instructions on the right hand side. And then we've got the jury duty, which is kind of that weird situation where we might have gotten reimbursed for the jury duty. So that was a kind of an interesting scenario.  So let's see if we can think about the scenario here. If we got jury duty pay, then in page one where we had income, we have the additional income, and let's say we've got the jury duty, and that means that we would get like a 1099 or something from the local, from the locale, the state who charges us the jury duty. And we'd have to report that as income. So we'd say, okay, that then is on part one, we're in the other income. And so, and you might be saying, hey, I'm on the deduction side of things. Yeah, but we got, we're telling the story here. So you gotta have the income first. We have to report the income because if we don't report the income, the IRS will see the 1099 from the state, and they're gonna say you didn't put that 1000 in place, and therefore it could delay the return. So that pulls over to the page one. So now on page one, let's bring it back on up. My wages was at 100,000, 100,000, and then going back on over. So there we have it. There's the 1000, there's the 101. But you're gonna say, hey, but my employer paid me for the time that I went to jury duty, and then they made me take that $1,000 and give it to them because they paid me during my time at the jury duty. So I didn't get to keep this $1,000. So I shouldn't have to report it as income because now I gotta pay taxes on it when I didn't get to keep it because my employer paid me for that. Well, you can't take it away here because if you took it away, then the IRS will get confused because they gave you a 1099. So how do you fix that? Well, they say, well, then we'll give you the deduction on page two that'll net it out. So if I go to page two here, then that's when we go into this jury duty pay and we can say, okay, I'll just net it out so that it doesn't mess up my filing and I don't have to pay taxes on it because I didn't get to keep that money. Jury duty pay, so it's gonna go right there going back to the forms. So there it is. So now you got it on page one and page two, income and deduction netting itself out to get to the AGI adjusted gross income. So now we've got the wages up top, including the 1,000 getting us the 101, but then we just took it right back out again and at the 1,000 here, bringing us back down to the 100,000. And so that's back to our starting point. So kind of interesting scenario, kind of work around to get to make things work here. So if you were to mirror that on our tax formula, we could say, okay, we got jury dirty duty pay, jury duty, jury duty pay. And that's gonna be some kind of income line item here, which I put on schedule one. It's on schedule one over here, jury duty at 1,000 and that pulls over to page one. So now that's 101, but I didn't get to keep it. So I get a deduction for it that's an above the line that's gonna be an adjustment for our adjusted gross income and above the line deduction, schedule one deduction. So I'm gonna go on over and say deduction, not itemized and it's gonna be called jury duty. Let's make it, let's give some more room here, a little bit more elbow room. If you please, jury, jury duty pay 1,000, 1,000 and we'll put some brackets around it, bracketized it, bracketized and then we'll make this formula go down a bit. There it is pulling that back on over. So now we've got it going back out again. So we're back down to the 100,000 adjusted gross income and we reported the income so that the IRS won't get confused. Don't confuse the IRS. It causes long delays and problems and it's easy to do. They get confused easy. Standard deduction 12, 5, 50 still. So we're still at the 87, 450, going back on over to the return still at the 87, 450 page number two. Then we're at the 15, 15 and 15, 15 there. So there is that. If you have any other kind of, you could go through some of these other deductions down here if they come up in the other adjustments. So we got the jury duty and you could take a look at some of the other items if you had some other items less commonly coming up here. And if none of those apply, then possibly you can look into the other adjustment line number Z.