 TFNN headline news update 101 Basel Chapman here. This is a TFNN noon update. My pleasure to be here. I am the host of the Tiger Technicians Hour coming up straight off this update and author of the opening called Daily Newsletter. Now, we've got Dow which is up 43 points. It's been struggling. You can see the narrowness between the green nine period moving average and the 14-period new moving average. Very different to what you saw at the PD top back at 27,306 on the 12th of September where those moving averages were so very strong we were using the notation of the Chapman wave to go short, waiting to go short. Now, the other thing that we're looking at here is that the MACD is way lower than it was before but still good. The stochastic now has just gone under 80% having been there for about five, six bars and now gone under 80%. That's usually a tip off to say be careful because the stochastic could be weakening. However, if you look at the weekly chart, we're just stuck in an error range between the 27,100 area and let's call it the 26,800. Sorry, 26,700. Now, what we're looking at is in the S&P, the S&P at this point is up 4.20 and at 3,000, it's in a range that says with the MACD quite strong still way underneath the high that was made in September but the stochastic flat at 91%, that's showing better internal strength in the S&P than you could see in the Dow and you can see even in the weekly chart it's holding better towards the highs than the lows. This is going to be very important over the next two days. It needs to hold 29, I would put it at 29,72. A close under that would be very negative but holding right here is not bad action at all. The QQQ, NDX100 trading at 191,73 is a lot weaker. It's just holding the 14 period moving average support to MACD is good in the daddy and stochastics at 83%, that's good but we'll see what happens because if there's a close below 190.50 in the next two days, that's going to be a big negative. You need to see the semiconductor doctors that are coming up with earnings over today in the next couple of days, you want to see them help instead of hurting right now and it'll help if the S&P can get a very strong move to the upside. You've got gold right now, gold is trading up about nine points within that range, it's trying to tackle that 14 period moving average and the dollar is still not showing too much strength, it has bounced but that's all it is right now. We're going to create a detail straight after this break when I have my tiger technicians hour, hold tight, we'll be back soon otherwise hope to see you tomorrow. Have a great day.