 This is T F N N the tiger financial news network Everyone Basel Chapman, this is the 11 a.m. Tiger financial news network market update and we're looking I just finished my show the time conditions our don't forget we start in the morning at 9 o'clock with Tom Tommy, Jr. And He has market kickoff ever to show because he talks about the fundamentals putting it together with techniques Really and go get all the pertinent data that you would get in some of the news programs He does all in the same in the shows fabulous So we're talking about 49 points up in the Dow that is really important I'd say to subscribe to my opening call we can expect some kind of choppiness here in the market today But this is a leg B and a sign to improve and if the magnetic can cross positive That's going to be a big deal for this market Anyone who's got shorts right now Maybe it's summertime and that's a good thing but other other than that in the market You've got to be very selective because the tide is starting to move back up again We're looking at the S&P the S&P right now is trading up 2.12 at 45 17 also leg B now it's over the 14 period really that's exactly what we wanted to see After closed above that yesterday. It doesn't have to close it today But it needs to go above and it has that's good still the weekly charts on the cell mode We're looking at the QQQ and the x100 trading at down 48 cents and 360 to 68 Yeah, this wasn't B But look at that 200 period moving average those 200 period moving areas is that like magnets that can bring it towards you But to break above it, huh? That's going to take a big effort So we'll see where it is able to get to the 368 level at some time this week I will we'll watch that closely IWM Ross of 2000 trying to ready now up 90 cents. This is better action This is only a leg gray leg a at 202 It really easy to get to the 205 206 area by Thursday and that was like that's much better action so far It's just it's lagging the gold gold is now up eight at 1804 stuck in a range There's that 200 period moving average look out like a magnet just keeps coming back to the 1810 level It's at 1804 right now They try to hit that this morning went to 1809.7 on the continuous just stuck in a range looking at the dollar pulls back sharply It's still down quite a bit that really looks to me like a D rather than a C with a doji candle So the dollars back in the rectangle. That's really what I wanted to say you getting crude oil Really kind of struggling crude oil doing well I mean, it's right at the high and recent highs but for five sessions It hasn't been break be able to break to the 90 level if it does that's a big deal And you're looking at the TLT. Oh in my show in the Tiger traditions Oh, never even that chance to talk about the TLT down a dollar 26. Not good. Thank you for Larry Perzevento think of swim Steve Rhodes Dave White and Tom O'Brien. I'll be back with Tom later this afternoon. Have a great day