 FNN. The Tiger, Financial News Network. Update. Good morning everyone, Basel Chapman here on this Thursday, the 26th of May. We're looking at the Dow, this 10 o'clock Tiger Financial News Network market update. The Dow's a 412, a 420, a 35,554. One of the things we were looking at all week and for certainly for Scribes to my opening call we've been discussing is inside track propellant align that the Dow daily went to a trough D in the traffic wave but if you go to the DOG which is the inverse it went to a peak D and that's usually assigned to say hey, could be getting a turnaround here which fortunately we're looking at today. Very nice move up. Dow is up now 415, the S&P and let's go to that S&P is up 53, it's been lagging actually there even though it's in leg B to the upside. It's at 40, 32. This is a really good action. The MACD's turned positive, Stochastic's now improving 38 percent. The on balance volume is still lagging but it is over the 14 period exponential moving average. The QQQ is trading at the NDX100, trading in leg B. Nice move up 4.50 at 295. Remember this is the one that I said has to get to the 296, 297 area to say hey, I'm catching up and I'm maybe starting to parallel the other industry like the Dow that's been leading because the IWM, this particular point is up nicely. It's up three and a quarter at 181, 182. Gold is trading right now about unchanged in 1853. It's been struggling, look at that 200 period moving average. If you don't believe these moving averages are important, just have a look. It was support, then it was resistance for three weeks. We've been talking about it as strong resistance at the 1869 area. It was actually 1868, now 69 and gold at 1863. The Dow, this is very interesting. The Dow is just holding at the low end of this range after having hit a multi-year high of $105.01 index, trading at $101.99. Crude oil. Crude oil is finally breaking out. It is at 113.45. This is the rectangle formation I said start to go into the 113, 115 area. That's a breakout. The TLT is once again quite weak. I'll be back with a type of technicians out and check out for opening form of dating newsletter. Hope to see you in a few minutes.