 TFNN headline news update 101 Basel Chapman the host of the Tiger technicians hour coming up straight after this TFNN Update this is noontime the dial is down 214. It was up 130 points earlier on now It's down 215 at 26,700 remember we've been talking about this for a long time Maybe it's it's actually over three weeks Since the high that was made back on the 12th of July 27,306 The objective was to look at the way the MACD the moving average and conversion Syversions and the stochastic as well as moving averages were working And my contention was that we'd be looking at time rather than price with slightly lower highs And slightly lower lows over a period of time it's taken right up until today And even now we haven't got the crossover negative in the The two key moving averages so that's important it should happen by the end of the day We'll see days young most importantly what we're looking at is that the S&P has also done the same thing The S&P is now down 23 before it was just the down that was down the most Now it is the S&P that's catching up down 23 at 29 53 It too is in fact in right at this moment the days young It's a daily chart but for the first time we've got a crossover to the negative side of the moving averages That it's really important that makes the 29 42 to 29 38 support very important to hold the QQQ Has done already did that a couple of days ago cross negative is the high was 194 71 most recent high and what we're looking at here is that at 187 88 needs to hold 185 this week otherwise is a real problem if you look at the IWM IWM was trying recently to act In a bravura way to say hey, I'm independent of the market. I can move higher It couldn't do that. It's now very negative at 150 point 46 It has to hold 149 10 Then if you look at gold gold was weak earlier on now, it's up quite sharply up 17 at 14 90 The dollar made a new recovery high. That's really important now. I can have a bit of a rest It went to uh, all right here. It's looking uh down 0.17 at 99 23 So, um, it's in the resistance area, but it's had a fabulous move up Can I have a little bit of a break right now if you're looking at the TLT that is bonds the TLT right now trading at 143 67 up 59 we might see money go back into bonds a so-called safety of bonds as it comes out the Illiquity well, let's put it this way the risk in the stock market Basil Chaplin will do a lot more in the next show coming up in another couple of minutes. The tiger technicians out If you haven't checked out the newsletters page of tfnn.com