 FNN the tiger financial news network update Good morning everyone on this 20th day Tuesday December We're looking at just a few trading days left before we wrap up the year We're looking at the Dow up 56 at 32,813. You see this 200 period exponential moving average right here Really important in my work and that makes this area With the stochastic down at 13 percent the MACD week the nine period under the 14 period moving average to on balance trying to make a little v-shaped pattern. This makes it very important Is it going to be a bounce towards the 33,300s and then you make your a to b equals c to d I'm not doing about Chapman we're doing about the Where you can get a measured move to the downside We're going to see or is this going to be a turnaround that really has Some action to the upside the S&P in fact is finally it was down down down now it's up 2.85 38.20 it is way below the 200 period moving average which is up at 4,013 the qqq the ndx 100 Is trading also very sharply low. It's just a straight move down There's a leg eight to the downside. We'll see if it makes a trough a by tomorrow We're down we're unchanged right now 269.78 looking at the IWM the Russell 2000 this trading at Up 56 at 172.60 trying to turn around here gold had a very strong move earlier on It's extended that move. It's up 26 at 1823 use the 200 period moving average as a springboard To the upside it's in a trading band but holding really well looking at the dollar dollars pulling back a little bit that's down 50 it's more than a little bit down 52 ticks a 104.17 crude oil crude oil is trading up 83 cents at 76.21 just stuck in this range at the moment and we're looking at the TLT and that's bonds and bonds have had a big move down which means yields are going up this should be worrying the market but in fact the market is starting to get used to this and what happens very often I'll talk about that in my show coming up the Tiger technicians hour check out my opening call my daddy newsletters as well we've raised quite a lot of cash we're ready to put it to work most importantly if you're looking at yields it seems to me that the market is starting to accept a lot of things and that the news might be already written into the market we'll talk about that when I return 1000 champion Tiger technicians hour coming up hope you can stay great programming here at TFNN all day check it out he started home with Tommy Jr